EUR/USD Could Come Under Pressure Below Key Level
Gregor Horvat | Jan 17, 2022 06:26AM ET
EUR/USD came higher last week after the US CPI figure.
Pair moved to the upper side of a corrective channel line to around 1.1490, where bulls slowed down.
There can be an interesting reversal coming this week, back to bearish mode, especially if 1.1359 is broken on the 4-hour chart.
We think this breakdown would likely make room for a fifth wave down.
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