15.01.202115:37 Forex Analyse & Reviews: Trading Signal for EUR/USD for January 15, 2021: Key level 1.2150

The EUR / USD pair this morning of the American session is trading in 4-hour charts below the 200 EMA and below the 21 SMA, with strong downward pressure, since it is now located below these levels, we expect the decline to continue to the 1.2055 support.

The key zone of 1.2150, is now acting as a strong resistance for the EUR / USD pair, because in the short term, we expect there to be a downward movement below this zone, on the other hand, a break and consolidation above the 200 EMA in 4-hour charts, it may be a good start to buy the EUR / USD again with targets up to 1.23.

A bounce towards the 200 EMA area, in 4 hour charts, and if it fails to break above this level, it will be a good point to sell the EUR / USD, with targets at 1.2085 and 1.2055.

The 1.2115 level is supporting the fall of the EUR / USD pair, if this level is broken, there will be a continuation of the downward pressure to the 1.2085 support, if it bounces above this level we can buy with targets up to 1.2155, (SMA of 21).

Exchange Rates 15.01.2021 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Uitgevoerd door Dimitrios Zappas,
Analytische expert
InstaForex Group © 2007-2021
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