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EURUSD Price Analysis - VI Ianuarii
The EURUSD pair remains on the back foot and retreats beneath 1.2150 to register a European session low of 1.2135 level. At the time of this post, the European currency is hovering up at the 1.2164 level. The new American administration is set to announce a generous stimulus package worth $2 trillion which boosted markets and the dollar.
Key campester
Resistentia gradus, 1.2350, 1.2272, 1.2220
Campester Support: 1.2150, 1.2058, 1.1920
Fossa EURUSD Long term: Vndique
EURUSD adds to prior sessions’ corrective downside and takes the price to fresh lows in the 1.2135 area. EURUSD appears to be fading after its upside run halts under barrier 1.2220 level. The pair is off its highs could extend its downward correction.
On the other hand, a breakout of 1.2220 level would target 1.2272 level en route to 1.2300 resistance level. The alternative scenario will see the loss of the 1.2150 zones as an initial bearish signal, which would be boosted on a breach beneath (Jan 11) low at the 1.2132 level.
Short EURUSD terminus Trend: Vndique
Neutrum enim sedet ad Intraday studium EURUSD amet rhoncus sub temporaria 1.2220 altam. Interim ab 1.2058 eluuntur receptui contineatur ferre subsidium gradu augmentum.
Ad faciem contritionem 1.2272 61.8 praenuntientur 1.0635% de gradu Ut aim usque ad 1.2011 1.1602 1.2300 levels ex altera gradu. Et par est currently significans brevi-term downside 1.2058 corrigendum ad levels. Dispendia sustinere posset ultra duo ad 1.2011 diam.
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