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02.01.202014:00 Forex Analysis & Reviews: Trader's diary for 01/02/2019. EURUSD. Market condition

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Exchange Rates 02.01.2020 analysis

Happy New Year, ladies and gentlemen!

Above is the daily chart of the euro.

Let's assess the state of the market.

The closing of the trading day on December 31 above the weekly level of 1.1200 is a strong technical signal for the upward trend.

Cancellation of the trend - a fall below 1.1100.

Levels to buy from the rollback: 1.1145; 1.1120.

A revolution down - 1.1065.

Jozef Kovach
Analytical expert of InstaForex
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