FX.co - EUR/USD analysis for January 25, 2022 - Breakout of key pivot at 1.1300

2022-01-25T12:33:42

Relevance until2022-01-26

Technical analysis:

EUR/USD analysis for January 25, 2022 - Breakout of key pivot at 1.1300

EUR/USD has been trading downside today and I see potential for the downside continuation in the next period.

Trading recommendation:

Due to strong downside momentum and the breakout of the key support at the price of 1,1300, I see potential for further downside continuation.

Watch for selling opportunities on the rallies with the downside objectives at the price of 1,1230 and 1,1190.

Additionally, there is the the breakout of rising trend-line , which is another confirmation for the downside continuation.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for January 25, 2022 - Breakout of key pivot at 1.1300