EURUSD analysis

25.01.2021

Technical reviews

The euro against the dollar has completed forming a double bottom pattern, its features appear in the above chart, and we notice that the stochastic indicator is gradually gaining positive momentum, waiting to stimulate the price to continue to rise, so that the bullish trend scenario remains valid and effective for the upcoming period, supported by the 50 moving average.

Our next main target will reach 1.2300, reminding you of the importance of stabilizing above 1.2145 for the continuation of the expected rise.

The expected trading range for today is between 1.2100 support and 1.2270 resistance

The expected general trend for today: Bullish

Author: GC
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