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EUR/USD Technical Analysis - EUR/USD Trading: 2022-01-26

EUR/USD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 1.1262

Sell Stop

Above 1.1333

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2043
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Neutral
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

EUR/USD Chart Analysis

EUR/USD Chart Analysis

EUR/USD Technical Analysis

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 has fallen below the 200-period moving average MA(200) which is leveling off. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.1262. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1333. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD

Ifo’s business climate index for Germany rose for January. Will the EURUSD price retreat reverse?

Ifo’s business climate index for Germany rose for January: ifo Business Climate Index rose from 94.8 points in December to 95.7 points in January, when an decrease to 94.6 was expected. This is bullish EURUSD. However the current technical setup is bearish for EURUSD.

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