EUR/USD analysis for January 11, 2019


Recently, the EUR/USD pair has been trading sideways at the price of 1.1524. According to the M15 time fame, I have found the intraday buying climax in the background, which is a sign that buyers became trapped and that buying at this stage is risky. I have also found the breakout of the upward channel in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 1.1485.

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