Forex and Cryptocurrency Forecast for January 05 – 09, 2026

The first full trading week of 2026 begins after a holiday-shortened session with mixed performance across major markets. Global liquidity remains moderate, and macroeconomic data releases are likely to steer direction this week.

By the close of trading on Friday, 02 January 2026, EUR/USD finished at 1.1720, Brent crude oil at 60.75 USD per barrel, bitcoin (BTC/USD) near 89,993.0, and gold (XAU/USD) at 4,345.50. As of early Sunday, 04 January BTC/USD quotes are trading around 91,286.0, indicating some weekend strength.

EUR/USD

EUR/USD ended the week at 1.1720, consolidating within a range after year-end positioning. The pair remains under pressure from the US dollar while holding above key support levels.

In the coming week, we expect an attempt to rise toward the 1.1765–1.1820 resistance area. From this zone, a downward rebound may occur, with a potential decline toward 1.1680–1.1620 and deeper toward 1.1580 if downside momentum accelerates.

A breakout and consolidation above 1.1820–1.1900 would cancel the downside scenario and open the way toward 1.2000–1.2050. Conversely, a breakdown below 1.1620 would confirm an increased bearish bias.

Baseline view: neutral to mildly bearish while EUR/USD remains below 1.1820; downside risks rise if 1.1620 breaks.

Bitcoin (BTC/USD)

Bitcoin closed Friday near 89,993.0 but is now trading around 91,286.0 early Sunday, showing modest recovery above the psychological 90,000 level.

This week we expect an attempt to test resistance in the 92,000–95,000 area. A failure to hold above this zone may lead to a rebound lower toward 90,000–88,000, with deeper support near 86,000–83,000.

A breakout above 95,000–100,000 would cancel the bearish correction scenario and signal renewed bullish momentum, potentially extending toward 103,000–106,000.

Baseline view: neutral to slightly bullish while above 90,000, with key resistance near 95,000.

Brent Crude Oil

Brent crude finished the week at 60.75 USD per barrel, remaining under pressure after failing to reclaim higher levels.

In the new trading week, an early corrective bounce toward 61.5–63.0 is possible. From this resistance area, prices may rebound downward with a continuation of the decline toward 60.0–59.0. A breakdown below 57.5 would confirm the bearish trend and potentially target the mid-50s.

A strong rise and breakout above 63.0–65.0 would cancel the bearish scenario and signal recovery toward 66.0–68.0.

Baseline view: neutral to mildly bearish while Brent remains below 63.0–65.0, with downside pressure prevailing.

Gold (XAU/USD)

Gold closed the week at 4,345.50 and remains supported above major short-term support. The metal continues to reflect safe-haven demand in the current landscape.

This week a short-term pullback toward 4,310–4,275 is possible, followed by renewed upside toward 4,400–4,450. A breakout above this resistance area would open the way toward 4,520–4,580.

A decline and consolidation below 4,275–4,230 would cancel the uptrend scenario and indicate deeper correction risks.

Baseline view: buy on dips while gold remains above 4,275, with upside potential intact.

Conclusion

The week of January 05 – 09, 2026 is likely to be shaped by the return of normal market activity after the holiday season, with fresh macroeconomic catalysts returning to the spotlight. EUR/USD may remain range-bound with bias defined by support and resistance levels. Bitcoin looks to consolidate above 90,000 but faces strong resistance ahead. Brent crude stays corrective until key resistance is reclaimed, while gold remains technically bullish on dips above support.

NordFX Analytical Group

Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.