EURUSD Daily Forecast: January 07

By @ibtimes on

EURUSD Forecast:

The EURUSD attempted to push lower yesterday, bottomed at 1.4283 but closed higher at 1.4408. The pair still trapped in 1.4250 – 1.4450/80 area. Maybe we need a fundamental catalyst to lead us out from this choppy market and US NFP tomorrow is expected to do this job. While aggressive traders can continue to use range trading strategy to short around  1.4450/80 or to long around 1.4250 with tight stop loss, conservative traders wait until we have a clear break from the range area to make decision.

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