EURUSD Technical Levels , January 22,2019

The Euro is exchanging minimal changed on the drawback at around 1.1350, moving toward January 4 low in front of German ZEW list falling lower in January and hesitant European Central Bank (ECB) meeting on Thursday.

From a specialized point of view, nothing appears to have changed for the pair, with bears as yet anticipating an unequivocal leap forward the 1.1345-35 conjunction bolster – containing 23.6% Fibonacci retracement dimension of the 1.1815-1.1216 destruction and the lower end of a transient climbing pattern channel development on the daily graph. Beneath the referenced help the pair is probably going to expand the ongoing bearish direction and debilitate further underneath the 1.1300 handle, towards retesting multi-month lows bolster around the 1.1210 locale.

On the other side, the 1.1410 handle currently appears to have developed as a quick opposition, which whenever cleared may trigger a short-covering ricochet towards 38.2% Fibonacci retracement level obstruction, close to the 1.1450-55 zone however appears to be bound to stay topped close to the 1.1475-80.

EURUSD Technical Levels , January 22,2019:

 BUY  EUR/USD @ 1. 1364     SL:  1. 1345               TP1: 1.1379     TP2: 1.1394     TP3: 1.1409

 SELL  EUR/USD @ 1.1340    SL:    1.1359              TP1: 1.1325     TP2: 1.1310     TP3: 1.1295

John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.