Technical analysis of EUR/USD 08/01/2024

The EUR/USD currency pair at (1D) is trading in a sideways trend at 1.0830 (convergence of MA100 and MA200).

The technical picture suggests the development of an upward movement with a target in the area of ​​last year’s high of 1.1080.

The nearest support is around the level of 1.0666

The nearest resistance is at 1.0950.

EURUSD_STPDaily

Created by Joshua Hayn

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