EURUSD Trade Idea

FX:EURUSD   Euro / U.S. Dollar
In yesterday's analysis, I expected further selling pressure on EU breaching 1.2130 support zone with 1.20620 level as the target, which was exactly what the market performed. Will be paying attention to 1.2065 price level and price action closely on the Monday's opening session. If there's more selling pressure in EU, will be looking for short-term selling opportunities after some pullback, ideally rejecting 1.2127 resistance with further bearish continuation, 1.2010 support zone is the initial target. However, do not forget the overall trend on the higher timeframe remains bullish .

Will keep it updated on Monday (18th Jan) during the Asia session. Trade safe.

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Comment: Previous analysis

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