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FX.co ★ EUR/USD analysis for January 03, 2022 - Key pivot at 1.1385

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Forex Analysis:::2022-01-03T13:22:20

EUR/USD analysis for January 03, 2022 - Key pivot at 1.1385

Technical analysis:

EUR/USD analysis for January 03, 2022 - Key pivot at 1.1385

EUR/USD has been trading sideways at the price of 1,1355. Watch for potential breakout to confirm further direction.

Trading recommendation:

Due to sideways regime, I see potential for the breakout mode.

In case of the strong breakout of resistance at 1,1385, watch for buying opportunities with the upside objective at 1,1520.

In case of the rejection of resistance at 1,1385, watch for downside rotation towards 1,1290 and 1,1230

Analyst InstaForex
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