Categories: Technical analysis

EURUSD Wave Analysis 14 January, 2021

• EURUSD reversed from resistance zone

• Likely to fall to 1,2060

EURUSD continues to fall after the pair reversed down from the resistance zone lying between the major  resistance level 1,2400 (which reversed the price multiple times at the start of 2018) and the upper weekly Bollinger Band.

The downward reversal from this resistance zone created the weekly Japanese candlesticks reversal pattern Shooting Star.

EURUSD is expected to fall further toward the next support level 1,2060 (former top of wave (A) from the middle of 2020).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURUSD

Recent Posts

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

2 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

3 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

17 hours ago

DraftKings Wave Analysis – 4 December 2025

DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…

17 hours ago

NVDA Wave Analysis – 4 December 2025

NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…

18 hours ago

Basic Attention Token Wave Analysis – 4 December 2025

Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…

18 hours ago

This website uses cookies