Eurusd analysis 12/01/2023

– The EU has reached around 1.072 as expected, however buying has appeared, pushing the market up to 1.0775.

– The D1 timeframe has appeared 1 bullish candlestick to close above 1.075 (specifically 1.0765) but we need to note 1 thing that is in the big resistance that is ZONE, not a bullish level, we need to observe 1 more candlestick to break clearly to be able to confirm because this can be a FALSE BREAKOUT.

– Today we will observe if there is a reversal signal around the 1.076 area- If so, we can enter a Sell order with Sl at the tail of the H4 candlestick and TP around 1.072, 1.070.


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