empty
 
 
cn
支持
即时开户
交易平台
入金/出金

17.01.202312:16 Forex Analysis & Reviews: EUR/USD: accumulation or distribution

The EUR/USD pair climbed as much as 1.0874 today where it has found resistance. Now, it stands at 1.0822 at the time of writing. The price action signaled exhausted buyers as the Dollar Index rebounded.

Fundamentally, the German WPI reported a 1.6% drop today versus the 0.3% drop estimated. Today, the Canadian CPI could have a big impact on the USD as well. In addition, the US Empire State Manufacturing Index, Eurozone ZEW Economic Sentiment, German ZEW Economic Sentiment, and the German Final CPI could move the price.

EUR/USD Overbought!

Exchange Rates 17.01.2023 analysis

Technically, the EUR/USD pair registered only a false breakout above 1.0867 and has now turned to the downside. It has dropped through the uptrend line signaling exhausted buyers and announcing a potential downside movement.

In the short term, it's trapped between the 1.0867 and 1.0780 levels. Escaping from this pattern could bring us great opportunities.

EUR/USD Forecast!

Personally, I've drawn a descending pitchfork, so the upper median line (uml) represents a dynamic resistance. A new lower low, bearish closure below 1.0780 activates more declines and is seen as a bearish signal.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2025
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.