EURUSD 11-1-2024

Technical Analysis

By Shady Fouad On Jan 11, 2024

EURUSD 11-1-2024.

Prices are currently trading below a significant resistance zone in the range of 1.1000. It is likely that this area is acting as a barrier, potentially slowing down the upward momentum. However, if the prices manage to break above this resistance level, we could test the next zone around 1.1100.

Support	1.0900	1.0875	1.0810
Resistance	1.1000	1.1040	1.1100

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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