EURUSD and GBPUSD Forecast January 18, 2018 EURUSD and GBPUSD Forecast January 18, 2018
The EURUSD pair initially rally during the day on Wednesday, but found the area above a bit too exhaustive to continue going higher, and because of this when it up forming a shooting star. The shooting star like candle courses negative, and if we can break down below the hammer from the previous session, it should send this market down to the 1.21 level underneath, and then eventually the 1.20 level. The market breaking above the top of the candlestick for the day of course is very bullish, but on the other hand if we break down below the 1.20 level, the market should continue to go much lower. Volatility is the one thing we can probably count going forward, so I believe that being very careful with your trading position is probably the only way you can go. Pullbacks should attract attention though, and I think it should offer value.
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