empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

18.01.202118:05 विदेशी मुद्रा विश्लेषण और समीक्षा: January 18, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

Exchange Rates 18.01.2021 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.

Currently, Bearish closure and persistence below 1.2160 then 1.2000 is needed to abort the ongoing bullish momentum to pursue bearish movement at least towards 1.1860 and 1.1770.

This would confirm the ongoing bearish Head and Shoulders Pattern by breaking below the pattern neckline around 1.2160.

On the other hand, Conservative traders should 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.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.