EURUSD Intra-day Analysis 26th Jan. 2021

Under Pressure

Our Pivot: 1.2160

Our Preference: Short sell below 1.2135 with strict stop loss of 1.2160 and profit target at 1.2100 with extension towards 1.2080.

Alternate Scenario: Upward penetration of 1.2160 will call 1.2200.

NOTE: Euro is moving in a bullish price channel but momentum is changed towards bearish side after completion of a bearish 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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