empty
 
 
17.01.2020 10:55 AM
Technical analysis of EUR/USD for January 17, 2020

This image is no longer relevant

Overview:

The EUR/USD pair:

Pivot: 1.1162.

Time frame: sideways.

The market showed signs of instability 3 day ago. Amid the previous proceedings, the price is still trading between the levels of 1.1162 and 1.1085. The daily resistance and support are seen at the levels of 1.1162 and 1.1085 respectively. In consequence, it is recommended to be cautious while placing orders in this area. Thus, we should wait until the sideways channel has completed. The price spot of 1.1162 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move to the downside and the fall structure does not look corrective. Resistance is seen at the level of 1.1162 today. So, sell below 1.1162 with the first target at 1.1085 to test last week's bottom. In overall, we still prefer the bearish scenario as long as the price is below the level of 1.1162. Furthermore, if the EUR/USD pair is able to break out the bottom at 1.1085, the market will decline further to 1.1038. However, it would also be sage to consider where to place a stop loss; this should be set above the second resistance of 1.1206. we still prefer a bearish scenario at this period.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback