Euro fell back below 1.05 on the first trading day of the year but has already recouped half of those losses in today's Asian session. Political risks are likely to have the pair capped in the first half of the year at least.

1.05 - 1.055 is the initial resistance and then stronger one at 1.06 - 1.065. A sustained hold below 2015 low (1.046) would target 2016 low (1.035) and then area around 1.025.

Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –