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14.01.202114:25 Forex Analysis & Reviews: Technical analysis EUR/USD for January 14, 2021

Relevance up to 07:00 2021-01-28 UTC--5

Exchange Rates 14.01.2021 analysis

EUR/USD remains in a uptrend, but we see a clear loss of upside momentum indicating a possible completion of the uptrend in the weeks ahead. We continue to look for one more rally to new highs closer to 1.2457 before the uptrend finally runs out of steam and a larger decline is seen.

Short-term, we could see EUR/USD move a little bit deeper closer to the 1.2045 - 1.2080 support-area before the final move to new highs.

Remember the trend and patience are your friends

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert
InstaForex Group © 2007-2021
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