The EURUSD completes a positive pattern – Analysis - 14-01-2022

2022-01-14 04:54:14 GMT (Economies.com)
 

The EURUSD pair completed forming bullish pennant pattern that appears on the chart, as it breaches this pattern’s resistance now, to get positive motive that we are waiting to assist to push the price to resume the bullish trend and head towards our positive targets that start at 1.1500 followed by 1.1560.

 

Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 1.1375 and holding below it.

 

The expected trading range for today is between 1.1400 support and 1.1560 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1341
-0.0063
0.5538%
1.3610
-0.0048
0.3515%
Tadawul
12260.13
73.83
0.61%
24.140
1.129
4.904%
85.083
1.214
1.448%
87.68
0.15
0.17%
1839.905
19.445
1.068%
 
 
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