25.01.202210:33 Forex Analysis & Reviews: Technical Analysis of EUR/USD for January 25, 2022

Technical Market Outlook

The EUR/USD pair has fell out of the channel around the level of 1.1314 and made a new local low at the level of 1.1290. Any violation of this level will open the road towards the technical support seen at 1.1285 and 1.1260. The key technical support is seen at the level of 1.1234 - 1.1222 (demand zone). The momentum is weak and negative, but the market conditions on the H4 time frame chart are bouncing from the extremely oversold conditions, so the test of the nearest technical resistance located at 1.3572 is possible, however the upside is limited. On the larger time frame charts, like daily and weekly, the down trend is still being continued.

Weekly Pivot Points:

WR3 - 1.1542

WR2 - 1.1486

WR1 - 1.1409

Weekly Pivot - 1.1352

WS1 - 1.1274

WS2 - 1.1218

WS3 - 1.1141

Trading Outlook:

The market is in control by bears that pushed the price way below the level of 1.1501, so a breakout above this level is a must for bulls for a trend reversal. The next long-term technical support is located at 1.1167. The up trend can be continued towards the next long-term target located at the level of 1.2350 (high from 06.01.2021) only if bullish cycle scenario is confirmed by breakout above the level of 1.1501 and 1.1599,m otherwise the bears will push the price lower towards the next long-term target at the level of 1.1166.

Exchange Rates 25.01.2022 analysis

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.