EUR/USD analysis for January 07, 2019 - ConsultFX

EUR/USD analysis for January 07, 2019


Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1444. According to the H1 time – frame, I have found that price is trading above the Ichimoku cloud and above the daily pivot (1.1386), which is a sign that buyers are in control. I also found a breakout of the resistance cluster on the P&F chart, which is another confirmation of strength. Watch for buying opportunities. The upward target is set at the price of 1.1500.

The material has been provided by InstaForex Company -