Technical alert: EURUSD

12:23 PM January 16, 2020

EURUSD struggles with the key resistance area at 1.1163. One should expect elevated volatility at 1:30 PM GMT as retail sales data from the US will be released. Should the pair break higher, the next support to watch can be found at psychological 1.12 handle. On the other hand, a pullback and break below local support at 1.1143 could hint that a decline towards zone at 1.11 may be on the cards.

EURUSD H1 interval. Source: xStation5

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