EUR/USD: Upside Could Be Limited

By Gregor HorvatForexJan 13, 2022 06:59AM ET

www.investing.com/analysis/eurusd-upside-could-be-limited-200614623

EUR/USD: Upside Could Be Limited

By Gregor Horvat | Jan 13, 2022 06:59AM ET

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EUR/USD is trading higher, now breaking out of a triangle pattern after US CPI figures.

We know that a triangle can occur in wave B, not wave two. Therefore, we think the upside could be limited, capping at around 1.145.

However, important will be to wait on an intraday sell-off back to 1.1300 or lower to confirm the end of a corrective recovery since November last year.

EUR/USD 4-hour chart technical analysis.

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Central Banks

Interest Rates

Next Meeting

FED

1.00%

Jun 15, 2022

ECB

0.00%

Jun 09, 2022

BOE

1.00%

Jun 16, 2022

SNB

-0.75%

Jun 16, 2022

RBA

0.35%

Jun 07, 2022

BOC

1.00%

Jun 01, 2022

RBNZ

1.50%

May 25, 2022

BOJ

-0.10%

Jun 17, 2022

CBR

14.00%

Jun 10, 2022

RBI

4.00%

Jun 08, 2022

PBOC

3.70%

BCB

12.75%

Jun 15, 2022

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EUR/USD: Upside Could Be Limited

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