11:30 AM · 19 January 2021

EURUSD near key level ❗

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

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