EUR/USD forecast for the week of January 25, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the week but turned back around to fall into the 1.08 handle. It now looks as if the market may try to drop a little bit from here, but long-term traders will find this market difficult as there is quite a bit of noise just below. If we break down, the market should then head the 1.05 level, but at this point in time we believe short-term traders will probably be much more interested in this market than the longer-term ones.