FX.co - EUR/USD analysis for January 26, 2022 - Breakout of key pivot at 1.1300 in the background

2022-01-26T13:53:06

Relevance until2022-01-27

Technical analysis:

EUR/USD analysis for January 26, 2022 - Breakout of key pivot at 1.1300 in the background

EUR/USD has been trading downwards in last 24 hours and I see potential for the downside continuation.

Trading recommendation:

Due to the breakout of the rising trend line in the background and key support at the price of 1,1300, I see potential for the downside movement.

Watch for selling opportunities with the downside objectives at 1,1230 and 1,1190

Key resistance is set at 1,1310

*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 26, 2022 - Breakout of key pivot at 1.1300 in the background