EUR/USD analysis for January 14, 2019 - ConsultFX

EUR/USD analysis for January 14, 2019


Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1450. Anyway, according to the M30 time – frame, I have found that there is a fake breakout of the support cluster at the price of 1.1455, which is a sign that selling looks very risky at this stage. I also found hidden bullish divergence on the stochastic oscillator, which is another sign of potential strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1534.

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