EURUSD 16-1-2024

Technical Analysis

By Shady Fouad On Jan 16, 2024

EURUSD 16-1-2024.

Prices are trading in a narrow sideways range between the crucial support and resistance zones of 0.0900 and 1.1000. It is likely that the resistance zone mentioned earlier will be tested. However, if the prices break below 0.0900, the next potential target could be 1.0810.

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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