Market Analysis of EURUSD on Tuesday 04 January 2022

2022-01-04 11:05Source:BtcDana

EUR/USD Intraday: the downside prevails.

 

Pivot:

1.1320

 

Our preference:

Short positions below 1.1320 with targets at 1.1275 & 1.1260 in extension.

 

Alternative scenario:

Above 1.1320 look for further upside with 1.1335 & 1.1350 as targets.

 

Comment:

The RSI calls for a new downleg.

https://asset.onetrader.online/upload/file/1641225600000/1641265240991.gif


This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.


More