EURUSD and GBPUSD Forecast January 10, 2018 EURUSD and GBPUSD Forecast January 10, 2018
The EURUSD pair has rolled over again during the day on Tuesday again, but as you can see, I have a nice uptrend line on the chart, and I think that if it holds, it could be a sign to start buying again as we have been building up pressure to the upside. By breaking above to the fresh, new high, that would signify that the market was ready to continue what has been a nice grind to the upside. If we break down below the uptrend line that we have seen, it’s likely that the market will continue to reach towards the 1.15 handle. Otherwise, I think the uptrend continues, and a break above the 1.21 handle frees the market to go much higher, perhaps to the 1.25 handle next.
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