Technical Analysis : EUR/USD 26 January 2023

Forex Technical Analysis : EURUSD

Date : 26 January 2023

Pivot point : 1.0890

Our preference : long positions above 1.0890 with targets at 1.0935 & 1.0950 in extension.

Alternative scenario : below 1.0890 look for further downside with 1.0875 & 1.0855 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1.0970 **
1.0950 *
1.0935
1.0911 – Last price
1.0890
1.0875 *
1.0855 **

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

Source : Trading Central

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