empty
 
 
15.01.2021 01:30 PM
Trading plan for EURUSD for January 15, 2021

This image is no longer relevant

Technical outlook:

EURUSD dropped to fresh lows at 1.2111 yesterday, before finding support again and managed to pullback sharply towards 1.2175 levels in the next few hours. The single currency pair is seen to be trading around 1.2133 levels at this point in writing and is expected to push higher towards 1.2260/70 levels, going forward.

Immediate support is seen around 1.2080, while resistance is fixed at 1.2349 levels respectively. On the short term wave structure, EURUSD might have completed its initial drop between 1.2349 and 1.21111 levels respectively. Bulls might be preparing for a corrective rally towards 1.2270 levels before reversing lower again. Also note that fibonacci 0.618 retracement of the drop between 1.2349 and 1.2111 is seen towards 1.2265/67.

Hence probability remains high for a bearish reaction, if prices manage to reach there. Even the 1.2300 zone is a strong resistance for bears to resume lower again. Looking at the larger wave structure, EURUSD might be setting up to retrace the entire rally between 1.0636 and 1.2349 levels and drag lower towards 1.2100/50 levels respectively.

Trading plan:

Remain short, add more towards 1.2260/70, stop @ 1.2450, target is 1.1200/50

Good luck!

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • 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 $8000 lebih banyak!
    Pada Maret kami mengundi $8000 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

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback