EURUSD Intra-day Analysis 6th Jan. 2021

Turning Down

Our Pivot: 1.2330

Our Preference: Short sell below 1.2310 with strict stop loss of 1.2330 and profit target at 1.2270 with extension towards 1.2250.

Alternate Scenario: Upward penetration of 1.2330 will call 1.2365.

NOTE: Euro is being capped by a strong horizontal resistant region and hourly momentum indicators are loosing strength.

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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