Euro/Dollar Forecast for Today: EURUSD Analysis 17.01.2025

The euro is maintaining its short-term downtrend. The price is consolidating below the key resistance 1.0329 – 1.0315. The first bearish target is 1.0253, and the second one is the January 13 low. Therefore, consider short trades today.

The asset should break through and settle above 1.0329 to reverse the trend and create buying opportunities. In this case, consider long trades with the target in the upper Target Zone 1.0481 – 1.0453, starting from next week.

EURUSD Trading Ideas for Today:

Watch the market.

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