The euro dollar forecast for today, January 13, is written early in the morning, during the Japanese session. Current quotes EUR / USD - 1.2200. This is the so-called "round level", and right now, on the other side of the monitor, the forex director is deciding where to direct the euro dollar rate.
The short-term trend for the currency pair is downward, the price of the currency is below the Ichimoku cloud. Also, the signal lines of the Ichimoku indicator are reversed in the direction of the downtrend (short-term). Let me remind you that the mid-term trend is upward.
In order to confirm the return to the upward trend, the euro dollar quotes need to update the maximum price (1.2350). Also, the resistance levels for EUR/USD are 1.2250 (the lower border of the Ichimoku cloud) and 1.2290 (the upper border of the Ichimoku cloud).
Strong support is seen at 1.2140.
No important news on the euro zone is planned until lunchtime, so we expect the usual volatility and movement of the currency pair as part of technical analysis.
Thus, the forecast for the euro dollar for today, January 13, involves testing the resistance level of 1.2290, after which we expect a rollback and an attempt to break through the support level.