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!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.