empty
 
 
11.02.2021 09:02 AM
Trading plan for EURUSD for February 11, 2021

This image is no longer relevant

Technical outlook:

EURUSD bears might have carved a lower top/high around 1.2145 mark yesterday or preparing for another high around 1.2200/30 respectively. The single currency is seen to be trading around 1.2129 levels at this point in writing and is drifting sideways for now. It would be interesting to see if bulls are able to push through 1.2200/1.2230 handle, going forward.

Immediate resistance is at 1.2190, followed by 1.2350 while support comes in around 1.1950 levels respectively. Please note that EURO bulls have managed to reach up to fibonacci 0.786 retracement of the recent drop between 1.2190 and 1.1950 respectively. A bearish turn remains probable from here and break below 1.2040/50 will confirm that EURUSD is heading lower towards 1.1800 at least. On the flip side, if bulls manage to break above 1.2150 levels, high probability remains for a test of 1.2200/30 resistance, before turning lower again.

Either way, it is just a matter of time that EURUSD resumes lower again either from current levels or after testing 1.2200/30. The larger wave structure continues to be bearish until prices stay below 1.2350 mark, and potential remains for a push towards 1.1600 and 1.1200/300 levels before finding support again.

Trading plan:

Remain short, add more @ 1.2200/30, stop @ 1.2450, target @ 1.1600

Good luck!

Oscar Ton,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback