For Traders

Analytical Reviews

Technical analysis

14.01.202114:25 Forex Analysis & Reviews: Technical analysis EUR/USD for January 14, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD remains in a uptrend, but we see a clear loss of upside momentum indicating a possible completion of the uptrend in the weeks ahead. We continue to look for one more rally to new highs closer to 1.2457 before the uptrend finally runs out of steam and a larger decline is seen.

Short-term, we could see EUR/USD move a little bit deeper closer to the 1.2045 - 1.2080 support-area before the final move to new highs.

Remember the trend and patience are your friends

Back to the list

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.