The EURUSD is forced for some decline – Analysis - 17-01-2022

2022-01-17 05:07:11 GMT (Economies.com)
 

The EURUSD pair’s decline stopped at 1.1400 barrier, to lean on the intraday bullish channel’s support line that it forms now and begins the attempts to resume the bullish trend, motivated by stochastic current positivity, waiting for more rise in the upcoming sessions, noting that we are waiting to visit 1.1500 followed by 1.1560 levels as next main stations.

 

On the other hand, we should note that breaking 1.1375 will stop the suggested positive scenario and press on the price to return to the bearish track again.

 

The expected trading range for today is between 1.1350 support and 1.1510 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0754
0.0101
0.9476%
1.2651
0.0088
0.7013%
22.110
0.198
0.904%
114.042
3.903
3.544%
117.55
0.15
0.13%
1854.785
-1.650
0.089%
 
 
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