16.01.202606:45 Forex Analysis & Reviews: Trading Signals for EURO for January 16-19, 2026: buy above 1.1596 (2/8 Murray - 3/8 Murray)

Relevance up to 23:00 2026-01-29 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD is trading around 1.1607, rebounding after reaching strong support located around 2/8 Murray at 1.1596.

If the euro consolidates above 2/8 Murray in the coming hours, it could be seen as an opportunity to take long positions, with a target at the 3/8 Murray located at 1.1657.

If downward pressure prevails and the euro falls below 2/8 Murray, the euro is expected to find strong support around the bottom of the downtrend channel located at 1.1565.

In case of a technical rebound above 1.1596 or 1.1555, it will be seen as an opportunity to enter long positions with a target at 1.1657, where Murray's 3/8 is located.

The Eagle indicator is showing a positive signal, so the trading plan will be to buy the euro n the coming hours as a recovery is expected in the coming days.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.