EURUSD Tuesday, January 26


The short-term trend of the euro against the US dollar is neutral. From the buyers' point of view, if the EURUSD pair crosses the above resistance level of $ 1.2222, it can continue the upward return from $ 1.2052 and be prepared to hit the price level of $ 1.2348 again. However, from the sellers' point of view, the definitive failure of the support of $ 1,2052 could indicate the entry of the currency pair into the correction phase starting from the rate of $ 1,2348. In this case, the short-term trend of EURUSD will fall to $ 1.1887 at the correction of 61.8% Fibonacci.