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14.01.202221:14 Forex Analysis & Reviews: January 14, 2021 : EUR/USD daily technical review and trading opportunities.

Exchange Rates 14.01.2022 analysis

During the past few weeks, the EURUSD pair has been trapped within a consolidation range between the price levels of 1.1700 and 1.1900.

In late September, Re-closure below the price level of 1.1700 has initiated another downside movement towards 1.1540.

Price levels around 1.1700 managed to hold prices for a short period of time before another price decline towards 1.1200.

Currently, the price zone around 1.1500 stands as a prominent supply-zone to be watched for SELLING pressure and a possible SELL Entry upon the current ascending movement.

Moreover, it is not advised to add new SELL Entries around the current price levels as the pair already looks oversold.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2022
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