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FX.co ★ Technical Analysis of Daily Price Movement of EUR/USD Main Currency, Monday January 6 2023.

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Forex Analysis:::2023-01-16T05:21:28

Technical Analysis of Daily Price Movement of EUR/USD Main Currency, Monday January 6 2023.

Technical Analysis of Daily Price Movement of EUR/USD Main Currency, Monday January 6 2023.

If we pay attention to the price movements of the major EUR/USD currency pairs on the daily chart, we can see the following facts:

1. The price movement is moving in a channel that is going up (bullish).

2 The price is above its Moving Average.

Based on the two facts above, it seems that in the next few days Fiber will try to test the 1.1082 level but with the appearance of deviations between price movements and the Awesome Oscillator indicator this major currency pair also has the potential to be corrected downwards if it turns out to be on its way to the target level that has been set. mentioned above exceeds 1.0639 and if this level is successfully broken down then Fiber has the potential to be halted by its upward movement for the next few days.

(Disclaimer)

Analyst InstaForex
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