Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD analysis for January 18, 2022 - Downside breakout and potential for bigger drop

parent
Forex Analysis:::2022-01-18T12:38:03

EUR/USD analysis for January 18, 2022 - Downside breakout and potential for bigger drop

Technical analysis:

EUR/USD analysis for January 18, 2022 - Downside breakout and potential for bigger drop

EUR/USD has been trading downside and the EUR is testing key support at 1,1385. There is potential for the downside movement towards the mean.

Trading recommendation:

Due to the breakout of the consolidation and the downside movement towards key support I see potential for thee bigger downside movement.

Watch for selling opportunities with the downside targets at 1,1355 and 1,1320

Key resistance is set at the price of 1,1432

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...