empty
 
 
21.01.2021 03:57 PM
Trading Signal for EUR/USD for January 21 - 22, 2021: Bearish Pressure

The EUR / USD pair maintains the bullish bias and faces resistance near the area of, the 200 EMA around 1.2177, and the 4/8 of murray at 1.2207. A confirmation of 1.2207 could anticipate more increases.

In the opposite direction, below 1.2177, where the 200 exponential moving average is, the intraday bias would turn to neutral / bearish.

The EUR / USD pair is located below the 200 EMA, the downward pressure still remains below 1.2207, therefore any attempt to break this level, and is rejected, we can have selling opportunities.

Above 1.2207, in the graph we have highlighted in red, that area is a buy zone, therefore, we must expect a consolidation above this level and buy with targets at 5/8 murray around 1.2329.

The eagle indicator in 4-hour charts is entering the overbought zone, it is most likely that we will see a correction of the pair, in the next few hours.

The market sentiment report for today, January 20, shows 54.20% of operators are selling the EUR / USD pair, this is a sign that the bearish force is prevailing, and we could see a potential drop in the next few days.

Support And Resistance Levels For January 21-22, 2021

Resistance (1) 1.2172

Resistance (2) 1.2194

Resistance (3) 1.2230

Support (1) 1.2112

Support (2) 1.2067

Support (3) 1.2025

This image is no longer relevant

Trading tip for EUR/USD for January 21-22, 2021

Sell if pullback to 1.2177 ( EMA 200) with take profit at 1.2125 and 1.2085, Stop loss above 1.2205.

Sell if pullback to 1.2207 ( 4/8 of murray) with take profit at 1.2125 and 1.2085, Stop loss above 1.2237.

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 $9000 más!
    ¡En Mayo, sorteamos $9000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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