EUR/USD Next Week Forecast and Trade Ideas (11.1 – 15.1.2016)

It’s quite hard to forecast next week in the EUR/USD as it is all related to China and the stock market crash. Last week the US Non-farm Payrolls numbers were way above exceptions but that only gave the Euro another boost as investors and traders are in panic mode and when the EUR/USD failed to break the strong support at 1.0800 most traders decided to close short positions and go long.

There are some high-impact economic event on the calendar in the coming week but as we’ve seen with the NFP the main theme will be China and the stock markets.

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We think the markets will calm and therefore our next week forecast is EUR/USD BEARISH.

Trade Ideas:

  1. Don’t trade if China trouble continues! (Don’t trade on the Asian session!)
  2. If things calm down we view the situation as EUR/USD short opportunities.
  3. Sell-Limit EURUSD at 1.1040 (strong resistance and 100 & 200 moving averages)
    TP 1.0950
    SL 1.11
  4. Sell-Limit EURUSD at 1.0990
    TP 1.0950
    SL 1.1015
  5. Sell-Stop EURUSD at 1.0800
    TP 1.0720
    SL 1.0950
  6. Sell-Stop EURUSD at 1.0710
    TP 1.0600
    SL 1.0810

Click on the EUR/USD chart for support and resistance lines.

EURUSD Trade Ideas

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