See also
31.01.2025 03:25 PM
Early in the American session, the EUR/USD pair is trading around 1.0383, below the 21 SMA, and below the 200 EMA with a negative bias. The instrument is likely to continue falling in the next few days until it reaches 0/8 Murray located at 1.0253.
Technically, EUR/USD could find support around 1.0335, coinciding with the bottom of the bearish trend channel. From that point, a technical rebound could follow.
On the other hand, if EUR/USD consolidates above the 21 SMA and the 200 EMA located at 1.0417, we should expect it to break the bearish trend channel around 1.0425. Then, we could expect a change in the trend and the euro could reach 3/8 of Murray located at 1.0620.
The Eagle indicator is showing a negative signal, so we expect that the EUR/USD pair will continue its fall in the next few days and could reach the 1.0253 level that coincides with 0/8 Murray.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
