Technical analysis of EUR/USD 12/01/2021

The EUR / USD currency pair failed to gain a foothold below the support of 1.1300 (61.8% Fib) on the (1W) chart. The pair posted a low of 1.1180 and is currently trading in the 1.1350 area.

The technical picture suggests an increase in quotations with the nearest target in the 1.1500 area.

Cancellation of the option for the development of the growth of the pair will be a decrease in quotations below the minimum of 1.1180.

EURUSD_STPWeekly

Created by Joshua Hayn

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