EURUSD- 13Jan2022
On the daily, price bounced above previous descending trendline and 20EMA & 50MA are crossing over for further bullish momentum.
On the H4 time frame, price bounced to 61.8% Fib resistance after US CPI data. We could expect EURUSD to face short-term bearish pressure and pull back to around 1.40000. RSI is also at resistance level where previous drops occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced above previous descending trendline and 20EMA & 50MA are crossing over for further bullish momentum.
On the H4 time frame, price bounced to 61.8% Fib resistance after US CPI data. We could expect EURUSD to face short-term bearish pressure and pull back to around 1.40000. RSI is also at resistance level where previous drops occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.