EURUSD - 14 Jan - Resistance and good news for USD

14 בינו׳

EURUSD trend forecast January 14, 2025

The EUR/USD pair pauses its five-day decline, hovering near 1.0250 during the Asian session on Tuesday. Analyzing the daily chart reveals the persistence of a bearish trend, as the pair continues to trade within a descending channel.

The 14-day Relative Strength Index (RSI), a crucial momentum gauge, has climbed above the 30 mark, signaling a rebound from oversold territory. However, the EUR/USD pair remains positioned below the nine- and 14-day Exponential Moving Averages (EMAs), indicating subdued short-term momentum and confirming the broader bearish bias.

EURUSD price breaks downtrend - returns to retest resistance with PPI news also forecasted to be good for USD, downward pressure on EURUSD

/// SELL EURUSD : zone 1.02700 - 1.02800

SL: 1.03100

TP: 40 - 70 - 100pips ( 1.01800 )

Safe and profitable trading

14 בינו׳

עסקה פעילה

+ 20 pips , signal SELL EURUSD ( 1.02700 - 1.02800 ), great