For Traders

Analytical Reviews

Hot forecast

24.02.202112:27 Forex Analysis & Reviews: EUR/USD Inverse Head & Shoulders Or Another Sell-Off?

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

EUR/USD is trading at 1.2162 and it continues to pressure a strong resistance area. Registering a valid breakout makes the pair very attractive for the buyers. On the other hand, a false breakout or any other reversal pattern suggests selling.

In this article, we'll talk about these two scenarios. EUR/USD stays higher after the German Final GDP increased by 0.3% versus 0.1% expected but it remains to see how the price will react later after Powel's Testifies and after FOMC Member Brainard and Clarida's speeches.

The US Home Sales will be released as well. The indicator could increase from 842K to 853K, but I don't think that it will have a major impact.

EUR/USD Attention At Resistance!

EUR/USD retested the upper median line (UML) and now is traded back below the potential H&S neckline. As I've told you yesterday, only a valid breakout above the UML and through the R1 (1.2181) will bring a buying opportunity.

False breakouts or any other reversal patterns here around this resistance area could bring a short opportunity. EUR/USD will turn to the downside and will develop a strong sell-off only if the USDX jumps higher.

Trading Tips!

Buy EUR/USD if it closes above 1.22 and use the 1.2350 as the first upside target.

Sell a major bearish engulfing or a false breakout with great separation above the UML.

Voltar a lista

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.