We're flat | 20 January 2021

20 January 2021, EUR/USD

We're flat

Technical observation

On the chart above, price has been rising steadily towards the resistance zone it established around 1.2171-1.2160; I expect a loss of this bearish movement within the zine for a rally to the lower side. My advice, remain flat and wait for a retracement to the zone mentioned above and a rejection within it to sell EUR with your take profit at 1.2054 and stop loss at 1.2219. On your way downwards the key levels to look for include; 1.1898, 1.1757 and the lower supportive level 1.1616. In case of a clear breakout above the zone 1.2171-1.2160 with a big green candle, you can anticipate a rally to the upper side.

Trade recommendation

Remain neutral.

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from January 18 to 29, 2021.
2. Send a request to school@freshforex.com with your account number funded.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .