EURUSD Forecast January 9-13

FX:EURUSD   Fx Euro/Dolar U.S.
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Still looking for price to go up into the 1.0620-1.0700 area. Then wait for a break before more longs. Else if price goes sideways I will be wary of a change in direction.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
Komen: Price has bounced and targeting the 1.0622-1.0690 area where we will first TP. Then wait for either a break or some sideways action.

Komen: Wednesday

Uptrend is still intact, perhaps there is a potential to test the 1.0500 support yet again before the big upmove. However I favor an upmove from current levels. But if the resistance holds again until tomorrow, it is a good signal to turn neutral.

Komen: Thursday

The 1.0500 support held once again, we should be seeing resistance break in the coming day.

Komen: Friday

This failure to break the resistance zone has turned me neutral on EURUSD, we may be seeing a turn in bias soon. Standing aside until a clearer picture develops.

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