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EUR / USD: Trading Recommendations-Analysis and Forecast-January 25, 2021

In another scenario, short positions take precedence below local support level 1.2070. In the event of downward dynamics, the EUR / USD may fall to long-term support levels 1.1850 (daily chart EMA144), 1.1780 (Fibonacci level 38.2%) and 1.1735 (daily chart EMA200).

The breakdown of support level 1.1285 (Fibonacci level 23.6%) will eventually bring the EUR / USD back to a long-term downtrend (see). “Actual technical and fundamental analysis”).


Support level: 1.2151, 1.2142, 1.2070, 1.2010, 1.1960, 1.1850, 1.1780, 1.1735, 1.1600, 1.1520, 1.1285

Resistance levels: 1.2180, 1.2220, 1.2270, 1.2340, 1.2555, 1.2580, 1.2600

Trading recommendations

Stop selling 1.2135. Stop loss 1.2190. Take-Profit 1.2100, 1.2070, 1.2010, 1.1960, 1.1850, 1.1780, 1.1735, 1.1600, 1.1520, 1.1285

Buy Stop 1.2210. Stop loss 1.2135. Take Profit 1.2270, 1.2340, 1.2555, 1.2580, 1.2600

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**) EUR / USD: Current fundamental analysis and market expectations

EUR / USD: Trading Recommendations-Analysis and Forecast-January 25, 2021

https://www.mql5.com/en/blogs/post/742497?utm_campaign=RSS&utm_medium=display&utm_source=MQL5+EN+Blog EUR / USD: Trading Recommendations-Analysis and Forecast-January 25, 2021

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