06.01.202115:35 Forex Analysis & Reviews: Trading Signal for EUR/USD for January 06 - 08, 2021: Key Level 1.2329

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

The EUR / USD pair, at the opening of the American session, is trading near the highs of 1.2347, the demand for the EURO is partly due to the downward force that pressures the US dollar, which has dragged the USDX Dollar Index to test the zone of the low of April 2018 around 89.12.

Technically we notice that the EUR / USD, in daily charts, after having made a correction on Friday, is now with strong bullish momentum, however, the eagle indicator in the daily chart shows that it is in the overbought zone and could occur an imminent decline or correction in the short term.

As the EUR / USD is facing resistance and overbought levels, our recommendation is to wait for a correction in the pair and then buy again, only if the pair trades below Murray's 5/8 below 1.2329, a decline to the 21 SMA area could occur.

We can take advantage of this setback to sell, only if the pair trades below Murray's 5/8 below 1.2329, we can have short positions.

The next support is located at the 4/8 of Murray around 1.2207, this level is important because at this point the SMA of 21 is located, if the pair breaks this area, we could consider a change in trend to bearish, with targets at 1.1962 in the medium term.

On the other hand, the market sentiment for today January 6 shows that there are 66% of operators that are selling the EUR / USD pair, which remains unchanged, therefore a correction to the 1.2265 or 1.2215 area, will be good bounce areas to buy the Euro-dollar again.

Support And Resistance Levels For January 06-08, 2021

Resistance (1) 1.2367

Resistance (2) 1.2383

Resistance (3) 1.2426

Support (1) 1.2315

Support (2) 1.2278

Support (3) 1.2237

Trading tip for EUR/USD for January 06-08, 2021

Sell bellow 1.2329 ( 5/8 of murray) with take profit at 1.2265 and 1.2215 (SMA 21), Stop loss above 1.2370

Buy if rebound at 1.2265 (trend line), with take profit 1.2345 and 1.2450, stop loss below 1.2230.

Buy if rebound at 1.2215 (SMA 21), with take profit 1.2345 and 1.2450, stop loss below 1.2175.

Sell if breaks below 1.2205 (4/8) with take profit at 1.2085 and 1.1962, stop above 1.2240.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.