EUR/USD Short Term: look for 1.2040
Jan 26, 2026 3:43 AM
long positions above 1.1670 with targets at 1.1920 & 1.2040 in extension.
Pivot: 1.1670
Our preference:
long positions above 1.1670 with targets at 1.1920 & 1.2040 in extension.
Alternative scenario:
below 1.1670 look for further downside with 1.1550 & 1.1470 as targets.
Comment:
the RSI is bullish and calls for further advance.
Supports and resistances:
1.2160 **
1.2040 ***
1.1920 ***
1.1861 Last
1.1670 ***
1.1550 ***
1.1470 ***
Our preference:
long positions above 1.1670 with targets at 1.1920 & 1.2040 in extension.
Alternative scenario:
below 1.1670 look for further downside with 1.1550 & 1.1470 as targets.
Comment:
the RSI is bullish and calls for further advance.
Supports and resistances:
1.2160 **
1.2040 ***
1.1920 ***
1.1861 Last
1.1670 ***
1.1550 ***
1.1470 ***
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