FX.co - EUR/USD analysis for January 03, 2022

2022-01-03T13:22:20

Relevance until2022-01-04

Technical analysis:

EUR/USD analysis for January 03, 2022 - Key pivot at 1.1385

EUR/USD has been trading sideways at the price of 1,1355. Watch for potential breakout to confirm further direction.

Trading recommendation:

Due to sideways regime, I see potential for the breakout mode.

In case of the strong breakout of resistance at 1,1385, watch for buying opportunities with the upside objective at 1,1520.

In case of the rejection of resistance at 1,1385, watch for downside rotation towards 1,1290 and 1,1230

*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 03, 2022 - Key pivot at 1.1385