EURUSD 19.01.2021

Technical Analysis
Tuesday, January 19, 2021 - 02:53
Point Trader Group

Overview:

Prices are moving in a short term bearish direction

Expected:

The pair is trading above a strong support level around 1.2060, which enhances its bullish chances during today's trading to $ 1.2130

Alternative Scenario:

On the other hand, we believe that if the level of $ 1.2060 is broken to the downside, this pair may push further down to $ 1.2000.

 

Resistance1.21301.21601.2190
Support1.20601.20301.2000

 

  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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