Technical Analysis : EUR/USD 6 January 2023

Forex Technical Analysis : EURUSD

Date : 6 January 2023

Pivot point : 1.0570

Our preference : short positions below 1.0570 with targets at 1.0490 & 1.0450 in extension.

Alternative scenario : above 1.0570 look for further upside with 1.0600 & 1.0630 as targets.

Comment : as long as the resistance at 1.0570 is not surpassed, the risk of the break below 1.0490 remains high.

Supports and resistances :

1.0630 **
1.0600 *
1.0570
1.0530 – Last price
1.0490
1.0450 *
1.0400 **

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

Source : Trading Central

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