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Euro / U.S. Dollar
Short

Bearish outlook on EURUSD: 5 January 2023

By OrtegaCapital
On the Daily time frame, prices are testing a key support zone at 1.0550 and a break and close below this zone could provide the bearish acceleration to the next support zone at 1.01800, which lines up with the 50% Fibonacci retracement. Stochastic is showing a bearish divergence and testing resistance where we could see a further downside, in line with prices.
Chart PatternsEUREURUSDeurusdlongeurusdshortForexforextradingHarmonic PatternsTrend AnalysisUSD
OrtegaCapital

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