empty
 
 

14.01.202221:28 Forex Analysis & Reviews: Technical analysis on EURUSD for January 14, 2022.

EURUSD is under pressure today. Price has managed to reach as high as 1.1483 but bulls were unable to hold it near its recent highs and bears have managed to push price towards 1.1410. In our previous analysis we warned that price has reached our Fibonacci extension target and that a pull back was to be expected. The first pull back target was the broken channel resistance as a back test.

Exchange Rates 14.01.2022 analysis

Red lines - Fibonacci extensions

Black lines- bearish channel

Blue lines- sideways consolidation

Green lines- equal size moves

EURUSD is back testing the broken channel. Price is hitting the upper channel boundary from above and bulls do not want to see price break back inside the bearish channel. A bounce off the broken channel would be ideal for bulls. The 1.1390-1.14 area used to be key resistance during the sideways consolidation phase. Now it is important support. Failure to hold above this level would be a bearish sign.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Alexandros Yfantis,
Chuyên gia phân tích của InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.