EUR/USD analysis for January 03, 2019 - ConsultFX

EUR/USD analysis for January 03, 2019


Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1284. According to the H1 time – frame, the price is trading below the Ichimoku cloud and below the daily pivot at the 1.1387, which is a sign that sellers are in control. I also found the confirmed breakout of the triple bottom (bearish) pattern, which is another sign of the weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1283 and at the price of 1.1215.

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