Market Analysis of EURUSD on Thursday 12 January 2023

EUR/USD Intraday: 1.0800 in sight.

Pivot:

1.0740

Our preference:

Long positions above 1.0740 with targets at 1.0785 & 1.0800 in extension.

Alternative scenario:

Below 1.0740 look for further downside with 1.0725 & 1.0710 as targets.

Comment:

The RSI is bullish and calls for further upside.