Technical Analysis: EUR/USD - Thursday, Jan. 15
EURUSD broke a Rising Wedge formation, which could create some pressure towards 1.1490.
As we see from the previous chart, prices still face a support zone at 1.1600, which could lead to another advance higher.
Below 1.1600, more of a drop toward 1.1490 will be expected.
Above 1.1765, the advance signals might return to the market again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1600 | 1.1700 |
| LEVEL2 | 1.1490 | 1.1765 |
| LEVEL3 | 1.1390 | 1.1810-20 |
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