empty
 
 
cn
支持
即时开户
交易平台
入金/出金

25.01.202116:29 Forex Analysis & Reviews: January 25, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

Exchange Rates 25.01.2021 analysis

The EURUSD pair was trapped below the previous key-level (1.2000) until bullish breakout occured to the upside recently in December.

Further quick bullish advancement was expressed towards 1.2150 just as expected after failing to find sufficient bearish pressure at retesting of the backside of the broken channel around 1.1970-1.2000 which corresponds roughly to Fibonacci Level of 0%.

Recently, the pair looked overbought while approaching the price levels of 1.2250 (138% Fibonacci Level).

That's why, conservative traders were advised to look either for SELL Positions around the previous price levels at 1.2330 (150% Fibonacci Level) in the previous article.

Recently, Bearish closure and persistence below 1.2160 was needed to abort the ongoing bullish momentum. This allowed the recent bearish movement to pursue towards 1.2050 where the depicted key-zone is located.

Bearish closure below 1.2000 would enhance the continuation of the current bearish Head and Shoulders Pattern towards lower targets.

However, Intraday traders should were advised to look for price action around the price zone around 1.2000-1.1975. This price zone stands as a Demand Zone which can offer bullish SUPPORT for the EURUSD.

Suggested bullish trade is currently running in profits. Bullish closure above 1.2160 is needed to enhance further upside movement towards 1.2250 as an Intraday target.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Mohamed Samy,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.