EURUSD 13.01.2021

Technical Analysis
Tuesday, January 12, 2021 - 23:56
Point Trader Group

Overview:

Prices are moving in a short-term uptrend

Expected:

The pair is trading below a strong resistance level around 1.2215, which enhances the downside chances during the day's trading to 1.2160

Alternative Scenario:

On the other hand, we think that if the level of 1.2215 was broken to the upside, the pair might rise to 1.2265

 

Resistance1.12151.12401.2265
Support1.21601.21301.2100

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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