EUR/USD ST: the bias remains bullish.

EURUSD

Trading Central 2021-01-13 16:50:06

Pivot: 1.2050

Our preference: long positions above 1.2050 with targets at 1.2350 & 1.2410 in extension.

Alternative scenario: below 1.2050 look for further downside with 1.1925 & 1.1745 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.2550 **

1.2410 ***

1.2350 ***

1.2189 Last

1.2050 ***

1.1925 ***

1.1745 ***

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.