empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

02.02.202105:47 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD Hot Forecast, 2 February 2021

  • Better-than-expected economic data may underpin the Euro against its major counterparts in the coming weeks.
  • EUR/USD rates continue to consolidate the above key points.

The EUR/USD pair bounced from the 1.2060 region but remains below 1.21. The US dollar eases as equities stage a modest comeback as retail investors' frenzy temporarily cooled.

Exchange Rates 02.02.2021 analysis

EUR/USD DAILY CHART – HEAD AND SHOULDERS TOP OR UPSIDE CONTINUATION?

The technical outlook for EUR/USD rates appears relatively mixed as price carves out a possible Head and Shoulders reversal pattern above a key range at 1.2055 – 1.2070. EUR/USD is supported by an ascending trend-line which holding the exchange rate since May 2020.

Remaining constructively positioned above 1.2050 could open the door for buyers to continue driving the exchange rate higher, with a break above the previous swing high ( 1.2180) probably carving a path to challenge the yearly high (1.2350)

Technical indicator prints bearish MACD divergence suggests that the exchange rates rally since November could be running out strength . The MACD histogram's notable decline in recent days also hints a fading bullish momentum.

However, a daily close below the January 18 low (1.2050) which coincides with Fibonacci support 38.2% retracement of its November/January rally, would likely validate the bearish reversal pattern and intensify near-term selling pressure. The Head and Shoulders implied measured move suggesting that price could fall from current levels to the psychological support at 1.1800.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.