EURUSD Currency Pair News: January 30

EURUSD Currency Pair News: January 30|FX EUR USD Chart

Click the EURUSD Chart Above to Enlarge

The key region to watch at the moment with regard to the EURUSD is the 1.3200-40 region.

This price region has previously acted as both support (October and November last year) and resistance (December last year).

The region also represents the 38.2% Fibonacci retracement level from the late-October high to mid-January low.

In order for the current bullish move to continue, this region will need to be cleared.

If it is, it will likely open up a pathway into 1.3450, followed by 1.3630.

Below the current market price, support is expected at 1.3160 with risk on potential longs defined by 1.3070.

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