The EUR/USD finds solid support – Analysis – 19/01/2021

eur_new_1The EURUSD pair could not manage to break 1.2064 level, to rebound bullishly and heads towards achieving expected gains in the upcoming sessions, starting by testing 1.2125 followed by 1.2175 levels, making the bullish bias suggested for today.

Note that breaching the last level will push the price to achieve more gains and regain the main bullish trend again, while breaking 1.2064 will stop the suggested positive scenario and press on the price to achieve more bearish correction and head towards 1.1975 as a next negative target.

The expected trading range for today is between 1.2020 support and 1.2190 resistance.

The expected trend for today: Bullish

Origin: Economies

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