empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

03.01.202212:01 Forex Analysis & Reviews: Trading plan for EURUSD for January 03, 2022

Exchange Rates 03.01.2022 analysis

Technical outlook:

EURUSD inched closer to 1.1400 handle early on Monday by printing a high at 1.1386. The currency has pulled back since then, carving a low around 1.1336 mark during the early European session. It is trading just above 1.1350 level at the time of writing as bulls might prepare to push through 1.1400 mark next. Watch out for 1.1440 and 1.1530 targets in the next few trading sessions.

EURUSD had carved a bullish boundary between 1.1186 and 1.1383 early December 2021. The currency remained sideways until December 31 and is now looking to breakout higher. A push above 1.1383 will confirm according to price action and accelerate towards 1.1440-50 and 1.1520-30 range. The pair faces strong resistance at 1.1690, while support is seen around 1.1160 levels.

EURUSD larger wave structure also remains constructive for bulls as they found support around 1.1186 level, just below the Fibonacci 0.618 retracement of the entire rally between 1.0636 and 1.2350 respectively. Potential remains for a push through 1.2350 highs over the next several months.

Trading plan:

Potential rally through 1.1500 and 1.1700 against 1.1186

Good luck!

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.