EURUSD Daily Forecast Jan 21 2020

EURO dollar 6598554 e1563323497881 Won

EURUSD Sees A Selling Opportunity Ahead of German ZEW Economic Sentiment…

As long as 1.1141 resistance holds on a daily closing basis. The EURUSD remains on the downside to 1.1040 levels. A halt is likely, it may test 1.1085 before attempts to break lower. Anyway; Below 1.1040 aims the 1.0990 level, further down, support comes in the 1.0930 level.

On the upside, immediate resistance comes at 1.1103 level. Above 1.1103 sees recovery threats to 1.1140/1.1170 levels where another fall is likely. However; A sustained break above 1.1170 will extend the corrective recovery to 1.1207/1.1228 levels.

In conclusion: The EURUSD sees downside threats below 1.1140/1.1170 levels.

Support: 1.1085, 1.1040, 1.0990, 1.0930

Resistance: 1.1103, 1.1141, 1.1170, 1.1228

Key data/events which may affect the EURUSD today:

Germany will release data on ZEW Economic Sentiment at 10:00 GMT. The forecast is to rise by 15.0, from 10.7 a month earlier. Any reading above 15.0 may bring a selling opportunity around/below 1.1140 levels…

EURUSD Daily Forecast Jan 21 2020