Some pressure has been relieved after testing 1.2000 several times

  • EURUSD trades up to 1.2056 after finding solid support at 1.2000
  • Broke resistance at 1.2035/45, which has now become minor support. 55 H1MA at 1.2036
  • Late Jan 2nd/ early Jan 3rd highs at 1.2060/65 the next target, ahead of Jan 2nd top at 1.2070/80
  • Barrier still in place at 1.2100 so expect to see any good defence appear from 1.2090/95. Stops likely above
  • Support has built at 1.2020/25 and 1.2005/10, ahead of 1.2000. 100 H1MA steps up to 1.1999
  • Minor support at 1.1985/90, 1.1970, stronger at 1.1960 and 1.1935. 55 H4MA at 1.1931
EURUSD H1 chart

EURUSD H1 chart

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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