The EURUSD surpasses the first target – Analysis - 20-01-2021

Economies.com
2021-01-20 04:49AM UTC

The EURUSD pair confirmed breaching 1.2125 level, starting today with new bullish bias to head towards our second waited target at 1.2175, and we suggest surpassing this level and open the way to regain the main bullish trend after the temporary bearish correction that it witnessed in the previous sessions.

 

Therefore, the bullish trend scenario will remain valid and suggested for the upcoming period unless breaking 1.2064 and holding below it.

 

The expected trading range for today is between 1.2064 support and 1.2230 resistance.

 

The expected trend for today: Bullish

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