EURUSD Price Analysis – January 20
EURUSD continued to fall during the American session and bottomed on the level at 1.1075, the lowest intraday level since December 24. At the time of composing, it is trading between the 1.1080 / 85 level, less than ten points beneath the exit on Friday.
Key levels
Resistance Levels: 1.1450, 1.1280, 1.1172
Support Levels: 1.1066, 1.0981, 1.0879
EURUSD Long term Trend: Ranging
The euro is moving towards a third consecutive loss and the lowest daily exit within a month as it consolidates beneath the moving averages of 5 and 13 while maintaining a steady negative bias.
In the long run, a rebound from the level of 1.0879 is seen as a corrective movement at this point and, possibly, a further increase, possibly restrained by a partial recovery from 1.1412 to 1.0879 at 1.1450 level. Although the downtrend from 1.1450 (high) level may continue at a later stage.
EURUSD Short term Trend: Bearish
The attention stays at the support level of 1.1085 in the EURUSD pair. A steady break can complete the upper and lower cycle. It may also claim that the entire corrective advance from the 1.0879 level is over.
In this case, the intraday bias can be altered for the downside in support of the level of 1.0981 to confirm and on the upward, after the level of 1.1172 it may instead move upward for the level at 1.1250.
Instrument: EURUSD
Order: Sell
Entry price: 1.1085
Stop: 1.1130
Target: 1.1040
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.