empty
 
 
05.01.2024 05:23 PM
Trading Signal for EUR/USD on January 5-8, 2024

This image is no longer relevant

Early in the American session the Euro is trading around 1.0918, bouncing above the 200 EMA and showing some recovery after the strong bearish pressure.

Euro could continue to decline if the H4 chart closes and consolidates below 1.0901 (200 EMA). If the euro falls and consolidates below 5/8 Murray located at 1.864, we could expect the euro to continue to decline in the coming days to reach 4/8 Murray located at 1.0742.

On the other hand, the Non-Farm Payrolls data will be released in the coming hours and this data could cause strong volatility in the Euro.

If gold manages to bounce and consolidate above 1.09, we could expect it to continue rising and could reach the 21 SMA located at 1.0944 and it could even reach 6/8 Murray around the psychological level of. 1.10.

On the H4 chart we can see the formation of a symmetrical triangle pattern and whose break above 1.0930 could confirm the bullish move for the next few days and this could reach 1.1108 (7/8 Murray).

The eagle indicator on H1 charts is showing oversold signals since January 03. Therefore, as long as it trades above the 200 EMA (1.09) we could expect a recovery for the euro and an opportunity to buy.

Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback