Euro / Dólar Americano
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EURUSD Weekly Analysis 17 January 2021

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Hello everyone ...

Even though the EURUSD has turned downwards, the euro / dollar still has room to move up.

In my opinion, EURUSD weakness will continue further in the near future. The next key Supply and Demand Level for EUR / USD lies around 1.19720, but we expect the market to retrace to around 1.21580 before continuing to the downside.

At the current point, I believe this is more likely to be a temporary correction rather than a more sustained start of the lower run.

Always use a stop loss to protect your equity and trading with your own risk.

Good luck!

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