Main Quotes Calendar Forum
flag

FX.co ★ January 13, 2021 : EUR/USD daily technical review and trading opportunities.

parent
Forex Analysis:::2022-01-13T15:20:04

January 13, 2021 : EUR/USD daily technical review and trading opportunities.

January 13, 2021 : EUR/USD daily technical review and trading opportunities.

During the past few weeks, the EURUSD pair has been trapped within a consolidation range between the price levels of 1.1700 and 1.1900.

In late September, Re-closure below the price level of 1.1700 has initiated another downside movement towards 1.1540.

Price levels around 1.1700 managed to hold prices for a short period of time before another price decline towards 1.1200.

Currently, the price zone around 1.1500 stands as a prominent supply-zone to be watched for SELLING pressure and a possible SELL Entry upon the curren ascending movement.

Moreover, it is not advised to add new SELL Entries around the current price levels as the pair already looks oversold.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...