empty
 
 
22.01.2020 04:06 PM
EUR/USD. January 22. We are still waiting for a fall to 1.1040

EUR/USD - 4H

This image is no longer relevant

As seen on the 4-hour chart, the EUR/USD pair performed a reversal in favor of the US currency and resumed the process of falling, but again hit the low level of 1.1086, from which it rebounded last time. Also, a new bullish divergence has been formed for the MACD indicator, which allows us to count on a new reversal in favor of the European currency and some growth in the direction of the upper area of the trend downward corridor. Also, a long-term upward trend line is formed (it is better visible on the daily chart), which supports bull traders. Thus, at the moment, several signals can be formed at once, and in different directions. I still expect the quotes to consolidate below the level of 1.1086 and continue falling towards the next level - the low of 1.1040, and then even lower. Downward trend channels (global and small) are still valid, and clearly show the current mood of the market. The information background is weak today, traders are waiting for the results of tomorrow's meeting of the European Central Bank.

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. However, at the moment, there is also a new trend line, which we discussed above. Thus, fixing the pair's quotes along this line will significantly increase the probability of a further fall in the direction of the approximate 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. It is advisable to open new sales for this trading idea after closing under the trend line.

The short-term trading idea is to sell the pair with the goal of 1.1040 since the trend on the 4-hour chart remains "bearish". The trend line may not send quotes so low, so for both trading ideas, you can try to wait for the euro-dollar pair to close below this line.

Samir Klishi,
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