EURUSD 15.1.2025

Technical Analysis
Wednesday, January 15, 2025 - 12:16
Point Trader Group

General Trend:

The pair is in a clear downtrend after breaking key support levels. The price is currently trading around 1.03108, with resistance at 1.04378 and strong support at 0.99936.

Expected Scenario:

Bullish Scenario: If the price surpasses the resistance at 1.04378, it may move towards the 1.0600 level.

Bearish Scenario: Continued trading below the resistance could push the price down to test the support at 0.99936, and breaking this level may lead to a deeper decline.

Key Levels:

Resistances: 1.04378 - 1.0600

Supports: 1.03108 - 0.99936

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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