Euro / U.S. DollarShort
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.