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Back Technical analysis
EUR/USD Forecast on January 16, 2026
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline on Thursday and worked through the support level of 1.1607–1.1612. A rebound from this zone today would favor the European currency and a modest rise toward the resistance level of 1.1645–1.1648. A consolidation of the pair below the 1.1607–1.1612 level would increase the probability of continued decline toward the next Fibonacci level of 76.4% at 1.1566. The wave situation on the hourly chart remains straightforward. The last completed upward wave failed to break
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
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