Para traders

Analytical Reviews

Trading plan

27.01.202108:29 Forex Analysis & Reviews: Trading plan for EURUSD for January 27, 2021

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Technical outlook:

EURUSD dropped to 1.2108 lows yesterday before finding support again. It is quite possible that the European currency has managed to carve a higher low and bulls are now inclined to extend the counter trend rally towards 1.2250/70 in the near term. The single currency pair is seen to be trading at around 1.2163 levels at this point in writing and is expected to continue pushing higher towards 1.2250/70 levels before resuming lower again.

Immediate resistance remains fixed at 1.2350 mark, while interim support comes in around 1.2053 levels respectively. The recent boundary which is being worked upon is between 1.2350 and 1.2053 and the fibonacci 0.618 retracement is seen towards 1.2250 levels respectively (not shown here). High probability remains for a bearish reversal, if prices manage to reach through 1.2250/70 zone. Bears are expected to be back in control until prices stay below 1.2350 highs.

On the flip side, even if prices break above 1.2350 in the near term, upside remains limited and a sharp bearish reversal could be underway. The larger wave structure also remains constructive for bears since the entire rally between 1.0636 and 1.2350 seems to be complete. Probability remains high for a drop through 1.1250/1.1300 levels, which is fibonacci 0.618 retracement for the above rally.

Trading plan:

Remain short, add more @ 1.2250/70, stop @ 1.2500, target is open.

Good luck!

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.