empty
 
 
04.02.2025 04:55 PM
Trading Signals for EUR/USD for February 4-7, 2025: sell below 1.0390 (21 SMA - 200 EMA)

This image is no longer relevant

Early in the American session, the Euro is trading around 1.0323 within the bearish trend channel forming since January 21st, below the 200 EMA, and below the 21 SMA. EUR/USD is having a technical bounce after having reached 1.0190.

If the euro extends its rise in the next few hours, it could find strong resistance around the top of the downtrend channel located at 1.0398, which could give us an opportunity to sell.

On the other hand, below the 21 SMA, the euro is expected to continue with a bearish trend. Hence, the price could reach 1.0253 in the next few hours and even the bottom of the bearish trend channel around 1.0150.

The eagle indicator is showing a positive signal and we expect that EUR/USD could continue to rise in the next few hours and even break the bearish trend channel. If this scenario comes true, we should expect a consolidation above the 200 EMA. So, the outlook could be positive for the euro for the next few days.

Our trading plan for the next few hours is to sell the euro at current levels or if it reaches 1.0390 with targets at 1.0253 and 1.0160.

Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback