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Technical analysis

17.01.201810:31 Forex Analysis & Reviews: Technical analysis and trading recommendations for the EUR/USD currency pair as of January 17, 2018

Long-term review

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After an active upward movement, the currency pair EUR/USD reached a range level of 1.2330, where it felt resistance and slowed down the movement. Now, we see the gradual emergence of short positions. It is possible to assume that the "bears" will try to win back the level of 1.2330, forming a long-awaited correction to the values of 1.2150 / 1.2090 on the market.

Key levels

Resistance - 1.2330; 1.2500

Support -1.2090; 1.1990

Attention: Forecasts are not a direct guide to action!

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