Published at 16:20 (GMT) 07 Jan

Chart EUR/USD Update: 1.3126 is next and then fresh downturn (LXSC5501)

16::20 GMT - EUR/USD retains its bounce action for the moment as it seeks out the next main resistance at 1.3126. We will allow for a test to 1.3126 to happen quickly and then start looking for the next downturn to take shape at 1.3126. From there, the downside potential is back to the 1.3014/00 zone in due time. R.Z

R5: 1.3230 intraday level
R4: 1.3200 figure
R3: 1.3190 03 Jan high
R2: 1.3155 * break level
R1: 1.3126 * 05 Dec high
S1: 1.3045 intraday level
S2: 1.3014 * break level
S3: 1.3000 figure
S4: 1.2997 04 Jan low
S5: 1.2985 * 50% retracement