EURUSD Wave Analysis – 18 January, 2022

• EURUSD reversed from resistance level 1.1470

• Likely to fall to support level 1.13

EURUSD currency pair recently reversed down from the resistance level 1.1470, intersecting with the upper daily Bollinger Band and the daily up channel from November.

The downward reversal from the resistance level 1.1470 is aligned with the clear daily downtrend.

EURUSD currency pair can be expected to fall further toward the next support level 1.13 (which has been reversing the pair from the end of December).