EUR/USD Daily Forecast - 06 January

Euro continued its decline during the session on Monday, breaking decisively below 1.20 handle, and it seems that pair is now ready to continue further lower. Based on a long-term charts we can expect some amount of support around 1.1850 area and 1.1820 level so these would be our short-term buying points. Read more...

GBP/USD Daily Forecast - 06 January

Sterling fell by almost 100 points in the course of the yesterday's session finishing it around 1.5240 level. Decline was caused by weaker than expected Manufacturing PMI figures but also general weakness in the pair and the fact that Sterling has no real support area until 1.50 handle.


AUD/USD Daily Forecast - 06 January

After it initially fell all the way to 0.80 handle, Aussie managed to rebound fully and finish the day just few points below 0.81 handle. 0.80 handle proved to be a major support and we believe that this will be the case in the next few sessions so this is where we would be more than glad to buy the market, on a short-term basis. Read more...

EUR/USD Daily Forecast - 05 January

As we have predicted for some time now euro finally broke down and hit 1.20 handle, finishing Friday's session just few points above it. After this huge decline, pair is likely to consolidate a bit on Monday, so we believe that it will found short-term support around 1.1980 level, and resistance above 1.2050 area, so these would be our short-term buying and selling points. Read more...

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