- Analytics
- Technical Analysis
EUR USD Technical Analysis - EUR USD Trading: 2022-01-28
EUR/USD Technical Analysis Summary
Below 1.1121
Sell Stop
Above 1.1155
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Neutral |
| Donchian Channel | Neutral |
| Fractals | Neutral |
| Parabolic SAR | Sell |
| MA(200) | Sell |
EUR/USD Chart Analysis
EUR/USD Technical Analysis
The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD,H1 is retreating below 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.1121. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1155. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - EUR/USD
German import prices rise slowed in December. Will the EURUSD price retreat persist?
German import prices rise slowed in December. The federal statistics office Destatis reported the index of import prices in Germany increased by 0.1% over month in December after 3% rise in November, when a faster increase of 1.8% was expected. This is bearish for EURUSD.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.