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17.01.202504:46 Forex Analysis & Reviews: Forecast for EUR/USD on January 17, 2025

In the past day, the euro has experienced slight upward movement, as indicated by its technical indicators. If the signal line of the Marlin oscillator crosses into positive territory, it will disrupt the current triangle formation.

Exchange Rates 17.01.2025 analysis

This may happen when the price goes above the level of 1.0350. But it is unlikely that currency players will undertake such a risky operation on the eve of the US presidential inauguration, especially since the price is facing strong resistances right behind the level on the daily and weekly scales. We believe that the price will continue its sideways movement today and on Monday.

Exchange Rates 17.01.2025 analysis

On the four-hour chart, the price has once again rebounded from the support of the MACD line, while the Marlin oscillator is moving sideways with a slight upward bias. The sideways movement is likely to continue within the 1.0261 (yesterday's low) to 1.0350 range.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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