EURUSD  Wednesday, January 28

The EURUSD pair is fluctuating above the support of $ 1,2052 and the short-term trend of the Euro against the US Dollar is neutral. From the sellers' point of view, the break of the support of $ 1,2052 could revive the correctional movement that started from $ 1,2348. In this case, the short-term trend of EURUSD will fall to $ 1.1887 at the correction of 61.8% Fibonacci. However, in the eyes of buyers, if the EURUSD crosses above the resistance level of $ 1,2188, it can be prepared to hit the price level of $ 1,2348 again.