EURUSD Weekly Analysis 17 January 2021
Hello everyone ...
Even though the EURUSD has turned downwards, the euro / dollar still has room to move up.
In my opinion, EURUSD weakness will continue further in the near future. The next key Supply and Demand Level for EUR / USD lies around 1.19720, but we expect the market to retrace to around 1.21580 before continuing to the downside.
At the current point, I believe this is more likely to be a temporary correction rather than a more sustained start of the lower run.
Always use a stop loss to protect your equity and trading with your own risk.
Good luck!
Even though the EURUSD has turned downwards, the euro / dollar still has room to move up.
In my opinion, EURUSD weakness will continue further in the near future. The next key Supply and Demand Level for EUR / USD lies around 1.19720, but we expect the market to retrace to around 1.21580 before continuing to the downside.
At the current point, I believe this is more likely to be a temporary correction rather than a more sustained start of the lower run.
Always use a stop loss to protect your equity and trading with your own risk.
Good luck!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.