GBP/JPY Performed a Double Bottom After MACD Divergence

[The5ersTF]

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)1058×401 19.2 KB