Market Analysis of EURUSD on Tuesday 20 January 2025

EUR/USD Intraday: bullish bias above 1.1620.
 
Pivot:
1.1620
 
Our preference:
Long positions above 1.1620 with targets at 1.1660 & 1.1680 in extension.
 
Alternative scenario:
Below 1.1620 look for further downside with 1.1600 & 1.1580 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.