EURUSD broke a Rising Wedge formation which could create some pressure towards 1.1490.
As we see from the previous chart, prices still face a support zone at 1.1600 which could lead to another advance higher.
Below 1.1600 more of a drop toward 1.1490 will be expected.
Above 1.1765 the advance signals might return to the market again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.1600 | 1.1700 |
| LEVEL2 | 1.1490 | 1.1765 |
| LEVEL3 | 1.1390 | 1.1810-20 |
The post EUR/USD –14.01.2026 appeared first on Orbex Forex Trading Blog.