Market Analysis of EURUSD on Thursday 17 January 2022

2022-02-17 10:00Source:BtcDana

EUR/USD Intraday: supported by a rising trend line.

 

Pivot:

1.1355

 

Our preference:

Long positions above 1.1355 with targets at 1.1395 & 1.1415 in extension.

 

Alternative scenario:

Below 1.1355 look for further downside with 1.1340 & 1.1320 as targets.

 

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.


Analyst Views Chart


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