25.01.202115:44 Forex Analysis & Reviews: Trading Signal for EUR/USD for January 25 - 26, 2021: Sell Below 1.2150

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In the European session, EUR / USD has reached the maximum of 1.2180, a level where the 200 EMA is in 4-hour charts, this level for several opportunities has tried to break, but has not been able to achieve it. Thus demonstrating strong resistance and keeping the Euro under downward pressure.

At the moment of writing this article, the EUR / USD pair is trading close to the SM A of 21, this level is key because it could be forming a bearish pattern called a descending wedge, if it breaks below this level, it could accelerate the fall of the Euro.

The key level is to expect that the Euro price is trading below 1.2145, thus it will be positioning below the SMA of 21, and this could add bearish strength in the short term.

On the other hand, if there is a pullback to the 200 EMA and, from that level, it falls back, it would be a good selling opportunity, since it has been shown to be a strong area, if the pair breaks the 1.2192 level, we could expect a consolidation above this level and could rise to Murray's 5/8, around 1.2329.

Our recommendation is to sell below 1.2180 and below 1.2147, key areas that the pair has not been able to overcome, with strong downward pressure, the final goal is in the 3/8 area of Murray around 1.2085.

Market sentiment for today January 25 shows a figure of 59%, of operators who are selling the EUR / USD pair this figure has remained stable since last week, if this figure decreases, we could expect a fall of the euro to the 1.20, on the contrary, if it exceeds 65% we could expect an upward movement in the short term.

Support And Resistance Levels For January 25 - 26, 2021

Resistance (1) 1.2189

Resistance (2) 1.2207

Resistance (3) 1.2230

Support (1) 1.2131

Support (2) 1.2113

Support (3) 1.2085

Trading tip for EUR/USD for January 25-26, 2021

Sell below 1.2150 (SMA 21) with take profit at 1.2105 and 1.2085 (3/8), stop loss above 1.2180.

Sell if pullback at 1.2180 (strong resistance) with take profit at 1.2150 and 1.2085 (3/8 of murray), stop loss above 1.2230.

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