Analysis: 4H EURUSD 14.01.2020
23 January

Analysis: 4H EURUSD 14.01.2020

EURUSD

 

Technical Chart pick of the day: EUR/USD – Bearish

 

· On a technical perspective, the trend is bearish, with prices below the 20, 40, 100 and 200 EMA.

· Prices failed to break above the 100 EMA and retraced. This indicates that selling pressure is present.

· Prices have broken below the 100% Fibonacci support levels. This signifies bearishness.

 

Resistance: 200EMA: 1.1110; 61.8%:1.1119        Support: 100%: 1.1085; 127%:1.1061

 

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