empty
 
 
18.01.2018 02:15 PM
Analysis of EUR/USD for January 18, 2018

This image is no longer relevant

Recently, the EUR/USD pair has been trading sideways at the price of 1.2245. According to the 30M time frame, I found a fake breakout of yesterday's low at the price of 1.2195, which is a sign that selling looks risky. I also found a valid breakout of pivot level (1.2228), which is a sign that buyers are in control. My advice is to watch for potential buying opportuntiies. The upward targets are set at 1.2278 and 1.2370.

Resistance levels:

R1: 1.2279

R2: 1.2374

R3: 1.2425

Support levels:

S1: 1.2133

S2: 1.2082

S3: 1.1987

Trading recommendations for today: watch for potential buying opportunities.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback