03.01.202017:12 Forex Analysis & Reviews: EUR/USD. January 3. The goal of 1.1125 on the previous trading idea worked out perfectly

EUR/USD - 4H.

On January 2, the EUR/USD pair continued to fall in the direction of the previously designated target level of 1.1125. Today, on January 3, the euro-dollar pair worked out this level very precisely, so all traders who used this trading idea made a profit. The rebound of the pair's quotes from the level of 1.1125 at the moment worked in favor of the European currency and the beginning of growth in the direction of the upper area of the upward trend corridor. Thus, from the current situation, there are two options: the pair's growth to the area of the level of 1.1250 (where the current fall started from) or consolidation under the upward corridor, which will change the mood of traders to "bearish" and allow counting on the continuation of the fall.

Forecast for EUR/USD and trading recommendations:

The previous trading idea was to sell the pair with a target of about 1.1125. Now I suggest that traders wait a bit for either the formation of a new trading idea or fixing the pair's rate under the upward corridor to be able to sell the pair again.