EURUSD January, 23 2020

Technical Analysis
Thursday, January 23, 2020 - 13:33
Point Trader Group
EURUSD January, 23 2020

Overview:

The chart above shows that the pair is trading above a strong support level around 1.1070 as the pair bounced up around this level previously and the same scenario may be repeated again

Expected:

Continuing trading above the aforementioned support level may push the pair to rise to 1.1120

Alternative Scenario:

On the other hand, we see that if 1.1070 breaks down, it could push the pair down to 1.1000


 

Resistance1.11201.11501.1180
Support1.10701.10501.1000

 


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