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19.01.202104:57 Forex Analysis & Reviews: Forecast for EUR/USD on January 19, 2021

EUR/USD

The euro showed a slight decline on Monday, which was obstructed by the MACD line on the daily timeframe. The Marlin oscillator slightly turned, which generally creates a corrective situation. The development of the correction is possible in the range of 1.2132/77, afterwards we are waiting for a new branch of the decline.

Exchange Rates 19.01.2021 analysis

The signal line of the Marlin Oscillator returned to a horizontal range on the four-hour chart, and at the same time, a convergence of the price and the oscillator was formed. The corrective model looks clearer here. The MACD indicator line enters the 1.2132/77 range, which confirms the anticipated scope of completing the correction. We are waiting for the correction to end and after overcoming yesterday's low at 1.2054, the price moves to 1.1915.

Exchange Rates 19.01.2021 analysis

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Laurie Bailey,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
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