EUR/USD Daily Analysis 23.01

Current level at 09:45 CET is 1.4620, trading above the daily pivot point level of 1.4575. Hourly standard error bands are poised to the downside and the bullish move seen over the past 24 hours is gradually running out of steam. The 55 day moving average, now at 1.4643, has started to move down while daily Bollinger and standard error bands are poised slightly to the downside. It is questionable whether the interest move by the Fed yesterday will suffice to maintain the bullish EUR trend. Pivot-related resistance levels today are set at 1.4784 and then 1.4894. Support levels are at 1.4465 and then 1.4255.

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