Fundamental Overview:

Next Thursday ECB’s meeting will take place and is quite probable that Draghi will focus on down talking the EUR, as EU policymakers have clearly signalled that they don’t want the pair above 1.2000.

At midnight Friday, and after the Senate failed to pass the bill earlier approved by the House, the US government shutdown officially began. The House passed a bill to extend the government funding until February 16th, but Democrats and Republicans couldn’t agree over funding DACA and migrants’ protection.

This shutdown means that many US government´s activities will come to a halt until the funding for such activities is approved. Multiple non-essential offices will be closed, and their employees furloughed. The shutdown affects museums and national parks, but also health and regulatory agencies, some of which that will anyway remain open, but will work with a minimal stuff.

Technicals:

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EURUSD-H4-CHART-2

Source: http://www.fxters.com/eurusd-forecast-technical-analysis-01-22-2018/

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