GBP/JPY Performed a Double Bottom After MACD Divergence

The5ersTF

Junior member
26 5

Weekly trade idea on EUR/USD Week: 25-29.01.2021

Key event: USD. Interest Rate

The interest rate at which major financial institutions borrow and lend overnight funds between themselves;

We expect a similar reading to the previous month.



835×26

Until release day, we expect a continuation of the actual Bullish trend. A positive surprising data value could reverse the actual trend direction.

Key Levels:

  • Resistance 1.2300
  • Support 1.2070, 1.2000

Trend EUR/USD

Bullish

Price reacted to 1.2300 key resistance level and it is ranging now between 1.2070 and 1.2300.


Call to Action/Trade Idea

We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.



EUR_USD (2)
EUR_USD (2)1058×401 19.2 KB
 
 
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