EURUSD extended to trade bullish beneath 1.0667, keeping the bullish momentum for the 4th continuing trading day. On Friday, the pair trimmed higher to trade bullish at 1.06427 to add nearly 33 pips in the opening price of 1.0611, having upright a daily high at 1.6735 and low at 1.05953. U.S Dollar prevailed weaker as the Index of Consumer Sentiment to hit 98.1 in January deteriorated than expectation, the university of Michigan reported on Friday.

Technical Analysis:
EURUSD continues bearish following a double top level of 1.0674, and the pair is expected to hold blow this level. Besides this, the ascending triangle pattern produced in an H4 is an evidence that the EURUSD may examine 1.0674 again until it closes beneath the ascending trend line support level of 1.0610. Right now, the pair is holding below a 61.8% retracement at 1.0670 in a daily chart and it very likely stays below this level. Besides, the pair has a resistance nearby 1.0665 moreover 1.0710, while the support predominates at 1.0577 and 1.0530.

EUR
Trade Balance

USD
Bank Holiday

Daily Trading Range:
1.0650 – 1.03200

Support & Resistance Levels
R3: 1.0702
R2: 1.065
R1: 1.0619
Pivot Point: 1.0567
S1: 1.0515
S2: 1.0484
S3: 1.0432

Recommendation

Sell Below: 1.06335
Take Profit:
1st @ 1.0575
Stop Loss @ 1.0655

EURUSD- Chart

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