I-EURUSD Igcina i-Bearish Bias, i-Trends Low Near Level kwi-1.1070

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Uhlalutyo lwamaxabiso e-EURUSD-nge-20 kaJanuwari

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.

Amanqanaba aphambili
Amanqanaba okumelana: 1.1450, 1.1280, 1.1172
Amanqanaba enkxaso: 1.1066, 1.0981, 1.0879

I-EURUSD yexesha elide iTrend: Ukutshintsha

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.

I-EURUSD yeXesha elifutshane eliQhelekileyo: Qalisa

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.

Isixhobo: EURUSD
Umyalelo: Thengisa
Ixabiso lokungena: 1.1085
Yeka: 1.1130
Ithagethi: 1.1040

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