Technical Analysis : EUR/USD 16 January 2023

Forex Technical Analysis : EURUSD

Date : 16 January 2023

Pivot point : 1.0820

Our preference : long positions above 1.0820 with targets at 1.0890 & 1.0920 in extension.

Alternative scenario : below 1.0820 look for further downside with 1.0800 & 1.0775 as targets.

Comment : technically the RSI is above its neutrality area at 50.

Supports and resistances :

1.0940 **
1.0920 *
1.0890
1.0858 – Last price
1.0820
1.0800 *
1.0775 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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