Technical analysis of EUR/USD 09/01/2021
EUR/USD currency pair broke through the annual low of 1.1700 and found support at 1.1663. After that the pair corrected to the area of (23.6% Fib) to the level of 1.1840.
Now the quotes are consolidating around the level of 1.1800.
If the pair manages to gain above the level of 1.1850 (23.6% Fib), it will be a signal for continued growth to 1.1900 (38.2% Fib) and the key target of correction to the level of 1.1965 (50% Fib) and (MA100) on the daily timeframe.
A signal to cancel the development of an upward correction will be the quotes decline below the minimum of 1.1663.
Created by Joshua Hayn