Market Analysis

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

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January 9, 2019 12:08 pm

EUR/USD Fundamental Analysis: January 9, 2019

The euro major pair declined slightly from the level of 1.15 during the trading session as major resistance was met. However, it may be a bit difficult to break higher than 200-EMA. But in case it is successful, the euro could soar higher. Still, traders have to consider the dovish sentiment of the Federal Reserve than expected, which in turn affects the dollar negatively.

On a serious note, if the Europeans can make it, this gives an easier path for the euro to strengthen. However, it may seem difficult to manage finances or to improve the economy. Nonetheless, it may move steadily after some time. Still, I believe that the euro is below its worth at the present time for minor movements. But getting at the main reason, the euro is being traded by high-frequency traders and we can expect for side sways in little movements. Given the situation, late on, we can anticipate for a breakthrough up or below. Yet, another concern to bear in mind is the ongoing Brexit deal.

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