EURUSD near key level ❗

11:30 AM 19 January 2021

📉 Will the pair pull back from resistance at 1.2140?

EURUSD is trading near the intraday resistance marked with local 1:1 structure (red rectangles) and previous price reactions (1.2140). Should sellers manage to halt advance here, downward correction may be launched and it could reach recent lows at 1.2060. However, should we see a break above the 1:1 structure, the next resistance to watch can be found at 1.2220, where the supply area is located. A break above could change sentiment to bullish.

EURUSD H1 interval. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits