22 Januari 2021, EUR/USD
Technical observation
On the chart above, price retraced to the resistance zone 1.2171-1.2160 as I had anticipated but did not break above it, it is currently trading within the same zone with an increasing bearish momentum and I expect this downwards movement to continue to the supportive level 1.2054 followed by a clear breakout below it with a big red candle. In case of a clear breakout above the zone mentioned above with a big green candle, wait for a correction to it and a bounce within it confirming a possible momentum to the upper side before you buy this pair with your take profit at the level 1.2299.
Trade recommendation
Remain short with your take profit at 1.2054.
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 [email protected] with your account number funded.
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 