Personal offer with profitability from +100%
More details

EUR / USD forecast Euro Dollar for Monday January 11, 2021

Forex euro dollar forecast for Monday, January 11 is written before the end of the trading session on Friday. The current EUR / USD rate at the moment is 1.2245.

The euro dollar quotes have broken through the lower border of the ascending channel, and the eurodollar price is inside the Ichimoku cloud. Additional confirmation of the short-term trend reversal for the Eurodollar is that the fast signal line of the Ichimoku indicator has broken through the slow red signal line from top to bottom.

EUR / USD forecast Euro Dollar for Monday January 11, 2021

In order to assert with a high probability that the uptrend in the euro / dollar is changing to a downtrend, the price of the main currency pair must consolidate below the Ichimoku cloud, its lower border is now at 1.2220.

At the same time, you can right now place a pending sell order for the Euro Dollar at the level of 1.2320 (slightly below). Good volume. And the stop loss is above the resistance level of 1.2350. This could be a very good deal.

If the support level of 1.2220 is broken, the trend for EUR / USD will change to a downward one, and the forecast for the movement of the euro / dollar rate for the next week on January 11-17 will be downward, with an ultimate target of 1.2080. As you can imagine, 250 points is quite a weighty argument for selling the euro-dollar right now.

The cancellation of the forecast of the downward movement will be the renewal of the resistance level.

Thus, the EUR USD forecast for tomorrow, January 11, assumes a change in the downward trend, and a decline in the euro dollar rate.

Heading:

Leave a Reply

Your email address will not be published. Required fields are marked *

Online charts

Forex charts

Cryptocurrency charts

Exchange commodities

Stock indices

Forex brokers rating

FinmaxFX
Amarkets

Popular posts

[wpp header_start='

' header_end='

' range='last7days' thumbnail_width=150 thumbnail_height=90 stats_views=0 limit=5 order_by='views']

Last notes

Popular tags

Comments

Recent Comments

    ABOUT THE PROJECT

    Real-time charts and quotes: Forex currency pairs, cryptocurrencies, stock charts, online commodity charts. Forecasts for tomorrow. If you want to know the forecast of the cost of cryptocurrency for tomorrow, for the week ahead - follow our forecasts, subscribe to the telegram channel. By using the site, you agree to the terms of our User Agreement. Any use of site materials without the written permission of the administration is prohibited. In case of violation of these requirements, the site administration reserves the right to protection in accordance with applicable law.
    The fact of opening positions in financial markets is not a guarantee of profit. You may not only earn nothing, but also lose money. The site owner is not responsible for the results of your decisions. We only provide you with information (for comparison and objective decision-making) about the prospects for changing the rates of a particular financial instrument, you make the final choice yourself. The content of the site is for informational and reference purposes only and is not a recommendation or offer.
    © 2021 chartsforecasts.com Copying of site materials is prohibited.
    menu-circlecross-circle