EURUSD Technical Trend Analysis on 28th January (updated) ~ forex trading courses leeds
Strong Resistance is 1.3485
Pair May go down from the resistance level
Last Week we seen Bullish trend on EURUSD counter and the pair easily cross 1.3450 mark. Because of an Ifo Business Climate index, German Flash Manufacturing PMI, and German ZEW Sentiment , EURUSD pair climb towards 1.3450 level breaking 1.3400 strong resistance zone. But from last H4 technical pattern showing that EURUSD has good sellers on 1.3485 resistance zone.On last 4 Hours time frames we see to grow some candle stick bearish pattern. That the level to watch EURUSD is fibonacci 76.4 at 1.3443 . If this level broke the pair may go towards 1.3405, 1.3480 level .
On the back side, if the pair break 1.3485 level, it may go towards 1.3530 level.
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