EUR/USD: Pair To Move Towards Resistance
| Jan 19, 2022 04:49AM ET
Looking at EUR/USD chart, we can see after the impressive rally into the 1.147 range, the consolidation never happened, leading to the reversal and the retraction, initially to the 1.14 range, where it attempted to hold on to but still unable to, it fell further down into the 1.132 where it found temporary support.
Today we could expect a move towards the 1.138 range close to the resistance of 1.139. If, however, it does not manage to consolidate or hold above the 1.134 range, then a move towards the temporary support of 1.322 could be expected.
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