FX.co - EUR/USD for January 30,2020 - Sell zone on the EUR and test of the major resitance cluster at 1.1030-1.1036

2020-01-30T12:38:36

Relevance until2020-01-31

EUR/USD for January 30,2020 - Sell zone on the EUR and test of the major resitance cluster at 1.1030-1.1036

EUR has been trading upwards after the BOE Statement. The EURR found sellers at the main pivot resistance at 1.1027, which is sign that buying at this stage look risky. My advice is to watch for topping formation on intraday frames to confirm downside rotation and possible test of 1.1012 and 1.1000.

EUR/USD for January 30,2020 - Sell zone on the EUR and test of the major resitance cluster at 1.1030-1.1036

MACD oscillator is showing positive reading

Resistance levels are set at the price of 1.1027 and 1.1036

Support levels and downward targets are set at the price of 1.1011 and 1.1000.

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

#Technical analysis #EURUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ EUR/USD for January 30,2020 - Sell zone on the EUR and test of the major resitance cluster at 1.1030-1.1036

Forex Analysis

EUR/USD for January 30,2020 - Sell zone on the EUR and test of the major resitance cluster at 1.1030-1.1036