empty
 
 
28.01.2021 12:40 PM
EUR/USD On Declining Path!

This image is no longer relevant

EUR/USD is traded lower at 1.2104 after failing to approach and reach the 1.2200 psychological level. The price is traded under the red downtrend line signaling a potential further decline.

The pair has increased a little in the short term registering a lower high. It has also retested the downtrend line before dropping deeper indicating strong sellers in the short term. So, the bearish bias remains intact as long as EUR/USD is traded under the downtrend line.

Trading Conclusion!

EUR/USD is into a corrective phase after breaking down through the black uptrend line. It could approach and reach 1.2000 if it continues to stay under the red downtrend line.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
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 $9000 more!
    In May we raffle $9000 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