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FX.co ★ EUR/USD analysis for January 26, 2022 - Breakout of key pivot at 1.1300 in the background

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Forex Analysis:::2022-01-26T13:53:06

EUR/USD analysis for January 26, 2022 - Breakout of key pivot at 1.1300 in the background

Technical analysis:

EUR/USD analysis for January 26, 2022 - Breakout of key pivot at 1.1300 in the background

EUR/USD has been trading downwards in last 24 hours and I see potential for the downside continuation.

Trading recommendation:

Due to the breakout of the rising trend line in the background and key support at the price of 1,1300, I see potential for the downside movement.

Watch for selling opportunities with the downside objectives at 1,1230 and 1,1190

Key resistance is set at 1,1310

Analyst InstaForex
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