EUR/USD for January 14,2020 – Watch for selling opporrtunities due to rejection of the resistance, main target at the price

EUR/USD has been trading upwards but it found strong resistance at the price of 1.1146. My advice is to watch for selling opportunities with the downward targets at the price of 1.1086 and 1.1069.

analytics5e1db0892988d.jpg

EUR/USD is still trading in the well-defined downside channel, which is good confirmation for further downside. Watch for selling opportunities on the rallies using intraday-frames 5/15 minutes.

MACD oscillator is showing neutral stance and slow is is trying to turn bearish.

Major resistance level is set at the price of 1.3145

Support levels and downward targets are set at the price of 1.1086 and 1.1069.

The material has been provided by InstaForex Company – www.instaforex.com