empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

24.01.202411:09 Forex Analysis & Reviews: EUR/USD wave analysis on January 24: Bullish position to pick up amid upcoming news

Exchange Rates 24.01.2024 analysis

In the EUR/USD currency pair, the current wave [Y] is forming, which may complete a larger active wave Y. Wave [Y] consists of three parts—subwaves (A)-(B)-(C). As of writing, the first impulse wave (A) appears to be fully completed, consisting of five subwaves 1-2-3-4-5.

After the completion of the impulsive rise, the market began to move downward as part of the correction (B). This correction has the structure of a standard zigzag. In the last section of the chart, we can observe a rise in subwave (C).

The price increase in the indicated wave may rise to the previous high, where wave (A) was completed. Also, at the mentioned mark, the size of wave (C) will be 76.4% of (A).

Among the important news from Europe and the USA that can influence the EUR/USD exchange rate, it is worth highlighting changes in U.S. crude oil inventories.

Thus, the January 24 forecast for the euro-dollar pair suggests an attempt to develop the pair's impulse and test the area near the 1.1136 level.

In the current situation, it is recommended to consider opening long positions.

Trading recommendations: Buy at 1.0873, take profit at 1.1136.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Roman Onegin,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.