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11.01.202318:53 Forex Analysis & Reviews: January 11, 2023 : EUR/USD daily technical review and trading opportunities.

Exchange Rates 11.01.2023 analysis

Price levels around 1.1700 has been holding prices for a short period of time before another price decline took place towards 1.1200.

Shortly after, the price zone around 1.1500 has applied significant SELLING pressure when a valid SELL Entry was offered upon the previous ascending movement towards it.

Shortly after, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.

The market has remained under buying pressure until a plateau level occurred around the current key-zone around 1.0700-1.075.

In the mean time, any downside movement towards 1.0300 should be watched for BUYING pressure where a new upside movement can be established.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Mohamed Samy,
Analytical expert of InstaSpot
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