empty
 
 
16.01.2014 04:36 PM
Intraday technical levels and trading recommendations for EUR/USD for January 16, 2014

This image is no longer relevant

Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 and 1.3750, respectively. This was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904).

Breakdown of the depicted bullish channel took place shortly after. This led to sliding towards 1.3600 then 1.3550 where a temporary low was recorded.

Yesterday, the EUR/USD pair expressed a strong bearish engulfing daily candlestick which puts further bearish pressure on 1.3600.

The daily chart outlook is bearish probably targeting at 1.3470-1.3400 (prominent DEMAND zone on the DAILY chart).

This image is no longer relevant

Yesterday, the EUR/USD pair consolidated around 100-SMA (located at 1.3660) showing indecision. As expected, this led to a corrective bearish movement towards 1.3600 yesterday.

Price level of 1.3580 showed some bullish rejection yesterday. However, the bears are pushing again below 1.3600.

Breakdown of 1.3600 opens the way directly towards temporary support located around 1.3560 (backside of a broken downtrend line).

Price zone of 1.3500-1.3520 is considered a prominent DEMAND being the lower limit of the ongoing bearish channel as well as psychological support.

Ringkasan
Segera
Analitic
InstaForex Analyst
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget