Sunday, January 3, 2016

EURUSD As At January 4, 2016



The EURUSD pair has been in a decline for a while however as the market opened today there was a slight rise as you will see on this 60 minute chart.


DaveM-0255



A lot is unknown about the direction although many people seem to be bearish as you will see in the articles I have listed below. There is a lot to consider based on the Middle East situation, interest rates in the United States and the general world economy which has not shown much in the way of advances in recent months.

The oil market is hampering many of the major economies and it seems that oil is going to maintain a depressed price level for months to come.

As the US economy continues to improve, the Dollar is rising and putting more pressure on the Euro.

Here are some comments which offer varying opinions:


EUR/USD: There's No Hiding from a Euro to Dollar Collapse - Profit Confidential
Sun, 03 Jan 2016 11:01:04 GMT
EUR/USD: There's No Hiding from a Euro to Dollar CollapseProfit ConfidentialIn turbulent times of geopolitical strife, important issues about economics get pushed into the backdrop of our perception, and that makes forecasting the EUR/USD pair diffic ...
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EURUSD Bear Pressure Builds Up On 1.0795 Level - Forex Crunch
Mon, 04 Jan 2016 00:19:00 GMT
Forex CrunchEURUSD Bear Pressure Builds Up On 1.0795 LevelForex CrunchEURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 level. On the down, support is located at the 1.0795 level a ...
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Barclays on EUR/USD for this week, and also their "Trade for the week ahead" - ForexLive
Mon, 04 Jan 2016 00:03:39 GMT
Barclays on EUR/USD for this week, and also their "Trade for the week ahead"ForexLiveFX market liquidity dropped materially into year-end, with average daily EURUSD volumes about 1/3 of their 2015 average according to our VolT data. Our data also sug ...
Read more ...
 
 
Barclays on EUR/USD for this week, and also their "Trade for the week ahead" - ForexLive
Mon, 04 Jan 2016 00:03:39 GMT
Barclays on EUR/USD for this week, and also their "Trade for the week ahead"ForexLiveFX market liquidity dropped materially into year-end, with average daily EURUSD volumes about 1/3 of their 2015 average according to our VolT data. Our data also sug ...
Read more ...
 
 
EUR/USD: Get Ready For 'Groundhog Day' - Barclays - eFXnews
Sun, 03 Jan 2016 23:23:29 GMT
EUR/USD: Get Ready For 'Groundhog Day' - BarclayseFXnews"FX market liquidity dropped materially into year-end, with average daily EURUSD volumes about 1/3 of their 2015 average according to our VolT data. Our data also suggest, however, that activity ...
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EUR/USD Forecast Jan. 4-8 - Forex Crunch
Sat, 02 Jan 2016 11:42:11 GMT
Forex CrunchEUR/USD Forecast Jan. 4-8Forex CrunchEUR/USD slipped within the range in the close of 2015, erasing previous gains. 2016 begins with a busy calendar: PMIs and inflation data stand out as liquidity returns. Will the pair continue falling i ...
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EURUSD 2016 Forex Forecast January 3 2016 - DailyForex.com
Sun, 03 Jan 2016 06:00:40 GMT
DailyForex.comEURUSD 2016 Forex Forecast January 3 2016DailyForex.comThe EUR/USD pair is one that has been very choppy for most of the year, and I believe that will more than likely continue to be the way. After all, you can think about several diffe ...
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EURUSD: Getting a Handle on December Volatility - Elliott Wave
Wed, 30 Dec 2015 21:14:41 GMT
DailyFXEURUSD: Getting a Handle on December VolatilityElliott WaveTrading a trendless market is very difficult, so come December, I scale way back.” Love or hate December's infamous volatility, if you choose to trade this month, you have to deal with ...
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