EURUSD Intra-day Analysis 22nd Jan. 2021

Turning Down

Our Pivot: 1.2200

Our Preference: Short sell below 1.2177 with strict stop loss of 1.2200 and profit target at 1.2145 with extension towards 1.2129.

Alternate Scenario: Upward penetration of 1.2200 will call 1.2240.

NOTE: Euro is facing rejection from resistant trend line of its bullish price channel which may push it towards a correction.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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