In the last months of 2020, the EUR / USD was able to rise again sharply and thus close the year at 1.23. Now, however, the EUR / USD appears to be turning and breaking its bullish structure.
In smaller time units, lower highs and lower lows can be clearly seen. There is a support zone in the 1.2157 area.
This will show whether the market can find enough buyers to start a new upward movement. Otherwise it will continue to decline.
Statistically speaking, January is a good month for the US dollar in most cases, so a further fall in EUR / USD seems realistic.