EURUSD
Hello everyone!
Happy New Year to all of you!
Anyways, here is my take on the EURUSD pair for the first week of January 2021.
In the middle of the US Market session last Dec 31, 2020, it made a rally that made a very beautiful fall of price in the EURUSD pair. Congratulations to everyone who shorted this trade.
At this point, the pair is currently making a support at 1.22155. If a strong and established support is established, then we can see the continuation of the uptrend for this pair.
Right now, the RSI for the pair is still at oversold state. So we might see candles going outside of current support. I suggest we wait for support before we execute our long positions.
That's all folks!