empty
 
 
13.01.2015 05:55 PM
Intraday technical levels and trading recommendations for EUR/USD for January 13, 2015
This image is no longer relevant

The EUR/USD pair continued to move lower after breaking below the major DEMAND LEVEL at 1.2250 exposing the price levels of 1.2120 and 1.2000 .

Further actions from the ECB regarding QE are still doubted. The market was expecting the US Non-Farm Employment indicator to drop on Friday. Moreover, the latest eurozone manufacturing release was not that good. All these reasons led to the current negative EUR/USD pair sentiment.

The EUR/USD pair has lost almost 200 pips since the year of 2015 started, as the market is pushing towards its lowest levels since December 2009.

This image is no longer relevant

The market currently looks oversold below the price level of 1.2000 and 1.1950 (prominent psychological SUPPORT & the lower limit of the movement channel on the H4 chart).

Currently, selling the EUR/USD pair is considered a high-risk position at such historically low prices. On the other hand, BUYING the EUR/USD pair is currently a low-risk opportunity at such low prices.

Bullish pullback should be anticipated looking for better prices to sell the pair off.

The price level of 1.1950 is the recently established SUPPLY level. Short-term SELL positions can be taken there provided that the market keeps trading below the price level of 1.2000.

InstaForex Analyst,
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 $1000 more!
    In June we raffle $1000 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