EURUSD Technical Outlook-
It shows that EURUSD is maintaining a strong bearish bias. The target of our last week forecast was 1.16500 and 1.1400. That was full filed. Last Week As 1.1650 offering support it reached and breakout successfully and continuing bearish movement. Now a more bearish movement is expected to target 1.1400 followed by 1.1220.
EURUSD Fundamental Outlook-
ECB Press Conference On 22nd January and investors are waiting for ECB decision. Due to a drop in inflation expectations, there is also an anticipation of ECB a sovereign debt purchase program. Further euro movement will also depend on this economic event.