empty
 
 
08.01.2021: Forex Analysis & Reviews: EURUSD breaks out of bullish channel

EURUSD is trading below 1.2250 today. Price made a low around 1.2212. Price actions gives signs of weakness. Despite trading as high as 1.2348 this week, the end of the week finds bears overpowering bulls. Closing near the week lows is not a good sign for next week.

analytics5ff875a9f3c1f.jpg

Green lines -bullish channel

Red lines - bearish divergence

EURUSD is breaking out and below the bullish channel. Combined with the bearish divergence in the RSI and the weekly close near the lows, I expect next week to find EURUSD under pressure and at lower levels. I expect EURUSD to move lower towards 1.2050-1.21 area before any move higher. As we said in previous posts, although trend remains bullish, the oscillators show a weakening momentum and that is why we prefer to be neutral. Our target of 1.2350 has been achieved so no need to be greedy.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback