EUR/USD, Tuesday forecast, January 14

EUR/USD, Tuesday forecast, January 14
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1.1131, which will be followed by reaching resistance level 1.1170.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1.1131, which will be followed by moving down to support level 1.1105.

Weekly forecast, January 13 – 17
Most important news of this week
Monday: –
Tuesday: US Core CPI (YoY) (Dec)
Wednesday: US-China trade war phase 1 deal, Crude Oil Inventories
Thursday: EU ECB Publishes Account of Monetary Policy Meeting, US Core Retail Sales (MoM) (Dec)
Friday: EU Core CPI (YoY) (Dec)

Forecast and technical analysis
Uptrend

The uptrend may be expected to continue, while pair is trading above support level 1.1080, which will be followed by reaching resistance level 1.1170.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1.1080, which will be followed by moving down to support level 1.1017 – 1.0988.

Monthly forecast, January – February
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1200, which will be followed by reaching support level 1.1075 and 1.1020.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1200, which will be followed by moving up to resistance level 1.1270 and 1.1370.