empty
 
 
24.01.2020 06:34 AM
Forecast for EUR/USD on January 24, 2020

EUR/USD

The ECB held a meeting on Thursday and the head of the regulator, Christine Lagarde, confirmed the previously adopted plan to continue the stimulating policy for another "long time" and hinted at the likelihood of working with "green bonds". The euro fell by 37 points.

This image is no longer relevant

On the daily chart, the price touched the support of the embedded line of the price channel with a lower shadow; now, with yesterday's low, the target will be the Fibonacci level of 138.2% at the price of 1.0986. Today, the market may not have time to complete the task of consolidating under Thursday's low; its immediate goal is to repeat support testing, now at the level of 1.1033.

This image is no longer relevant

On the four-hour chart, the price reversal occurred exactly from the MACD line, price indicators and the Marlin oscillator consistently show a further decrease in the trend.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 April 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback