Technical analysis of the EURUSD currency pairDeltafx Admin 16 January 2023
what you read here:
Last week, the price was in an uptrend to the level of 1.08681. The uptrend channel of this currency pair remains and the medium-term target of this currency pair is the price area of 1.09829.
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 1.08318)
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.
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.