empty
 
 
25.01.2022 02:33 PM
EUR/USD analysis for January 25, 2022 - Breakout of key pivot at 1.1300

Technical analysis:

This image is no longer relevant

EUR/USD has been trading downside today and I see potential for the downside continuation in the next period.

Trading recommendation:

Due to strong downside momentum and the breakout of the key support at the price of 1,1300, I see potential for further downside continuation.

Watch for selling opportunities on the rallies with the downside objectives at the price of 1,1230 and 1,1190.

Additionally, there is the the breakout of rising trend-line , which is another confirmation for the downside continuation.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback