Forecast for EUR/USD on January 4, 2021

EUR/USD


The euro has formed a double divergence with the Marlin oscillator in the last two trading days, making it clear that the strained price growth is finally over. Despite the thin market on the 31st, the euro fell by 77 points on the average daily volumes of December. Since the price overcame the low (1.2215) of the final trading day of 2020, we expect it to fall even further to the MACD line on the daily chart, to the 1.2028 area.



The Marlin oscillator is already in the negative (decreasing) trend zone on the four-hour chart, the price has retested the MACD line since the market opened with a gap. Now we are waiting for this to close and price to move towards the designated target.




Credit 

Caution:

Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.

PayPal

Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with Wix.com