Technical analysis of EURUSD time 3 hours and 30 minutes: 01-21-2023

Deltafx Admin 23 January 2023

in the higher fractal of 3 hours, we see growth and an upward wave in the form of a one-to-one channel located between 2 static resistance areas, with the pivot point located at the highest point of resistant level, which caused the formation of a strong resistance zone. The ultimate growth in this condition is marked with a green arrow or it can move sideways.

After that, it is important that the ceiling is broken or its negative reaction shows that 3 supports are established, one of them on the basis of the pivot. The above areas will play an important role in deciding the trend conditions.

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