empty
 
 
24.01.2020 02:55 PM
EUR/USD. January 24. The breakout of the trend line has been completed! We are waiting for a further fall in the euro

EUR/USD - 4H.

This image is no longer relevant

As seen on the 4-hour chart, the EUR/USD pair continued the process of falling and performed a consolidation under the upward trend line. Thus, now traders can count on the continuation of the decline of the euro-dollar pair. To date, the quotes have already made a drop to the low level of 1.1040 and closed below it. Thus, there is still one more undeveloped target for the fall – 1.0989. The pair remains inside the downward trend corridor, which still clearly reflects the mood of most traders. Today, the divergence is not observed in any indicator. The information background yesterday was negative for the euro currency, but today traders are still in a bad mood. Despite more or less good indicators of business activity in the European Union and Germany (almost all values exceeded their forecasts), the fall of the euro currency continued. Thus, we are now seeing the reaction of European traders to the events of yesterday in the ECB. Today, the release of business activity indices in the US services and manufacturing sectors is also planned, as well as a speech by ECB President Christine Lagarde. Thus, in the second half of the day, the mood of traders may still change or, conversely, increase.

EUR/USD - daily

This image is no longer relevant

As seen on the 24-hour chart, we still have a trading idea with a drop to the lower border of the downward trend corridor. At the moment, the pair has completed a consolidation under this trend line, which significantly increased the probability of a fall in the long term in the direction of the target level of 1.0850.

Forecast for EUR/USD and trading recommendations:

The long-term trading idea remains valid. Traders still have a long-term target for a fall near the level of 1.0850 confirmed by a close below the trend line.

The short-term trading idea is to sell the pair with the goal of 1.0989 since the trend on the 4-hour chart remains "bearish".

Samir Klishi,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 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.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $8000 अधिक!
    में मार्च हम आकर्षित करते हैं $8000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback