Technical analysis of the EURUSD currency pair; 08-01-2023

Last week and after the New Year, this currency pair was accompanied by a decline, but could not exceed the level of 1.04905. In a recovery movement in the last hours of last week, the market climbed to the level of 1.06392. In the next week, we expect that if the price manages to break through the level of 1.07170 and in an upward phase, it will again reach the level of 1.090

Important levels next week EURUSD

In this section we will study the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market in the next week, and you can use these levels as profit and loss limits in your transactions.

EURUSD (Close Price Last week is 1.06392)

(1.02304,1.03116,1.04347,1.04905,1.07170,1.0900,1.09170)

EURUSD Fibonacci Pivot Point Level

These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. The levels in the 4-hour time frame are usually used by traders for daily trading and may be changed in the coming week due to market fluctuations. Higher time frames are intended for longer-term transactions and their change in the next week requires more fluctuations and also the failure of the previous levels.

Pivot Meter:

This section was developed based on standard pivot levels. This tool shows you which of the support and resistance levels the price is currently closest to. With this tool you can choose better levels for profit and loss limit.

EUR Pivot Meter 4H

EUR Pivot Meter Daily