EURUSD – The currency pair is at an intermediate support level

17.01.2022

Four-hour chart of the EUR/USD pair. The currency pair met quite strong resistance at the level of 1.1475 (8/8). A pullback movement formed on the chart, within which the price dropped to an intermediate support level (6/8). This level has sufficient strength to turn the price up again, so we are waiting for the resumption of the upward movement from the current levels.

Decisions: buy 1.1395 take profit 1.1445.