EURUSD Wave Analysis – 8 January 2026

EURUSD: ⬇️ Sell

– EURUSD broke daily up channel

– Likely to fall to support level 1.1600

EURUSD currency pair has been falling in the last few trading sessions inside the medium-term correction (2) – which started earlier from the resistance zone between the resistance level 1.1800.

The price earlier broke the support trendline of the daily up channel from November – which accelerated the active wave (2).

Given the bullish US dollar sentiment seen today, EURUSD currency pair can be expected to fall to the next support level 1.1600.

Source: https://fxpro.news