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15.01.202409:02 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on January 15, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0949 (closing of Friday's daily candlestick) to 1.0980, the 38.2% pullback level (yellow dotted line). From this level, a continued upward movement is possible to the upper fractal at 1.1000 (daily candle from 11/01/2024). In the case of testing this level, the price may move down.

Exchange Rates 15.01.2024 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – up;
  • Fibonacci levels – up;
  • Volumes – up;
  • Candlestick analysis – up;
  • Trend analysis – up;
  • Bollinger bands – up;
  • Weekly chart – up.

Today, the price may move upward from the level of 1.0949 (closing of Friday's daily candlestick) to 1.0980, the 38.2% pullback level (yellow dotted line). From this level, a continued upward movement is possible to the upper fractal at 1.1000 (daily candle from 11/01/2024). In the case of testing this level, the price may move down.

Alternatively, the price may move upward from the level of 1.0949 (closing of Friday's daily candlestick) to 1.0980, the 38.2% pullback level (yellow dotted line). From this level, a downward movement is possible with a target of 1.0959, the 61.8% pullback level (blue dotted line).

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2024
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