EURUSD technical analysis

19.01.2021

Technical reviews

EURUSD

The pair found support at 1.2060 as the moderate optimism returns to the market. This may lead to a local rebound, but the growth will be limited, as investors await tomorrow’s monetary policy decision by the ECB.

Technical side:

The price is located below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the 50% level and is moving horizontally. Stoch have entered into overbought zone.

EURUSD rate online: monitor the price movement in real time.

Trading idea:

If the pair breaks the 1.2100,  it may result in further growth to 1.2160.

Author: GC
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