EUR / USD Forecast Pound and Dollar on 01/22/2021
At the moment, the indicator of the Euro / Dollar rate is moving as part of the correction, it is at the level of 1.2079. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bears have the advantage now.
As of tomorrow, January 22, 2021, the bearish trend will have an advantage on the EUR / USD rate, this will be confirmed by testing near the level of 1.2175, after which it will remain in a downtrend. From this level will follow the forecast of price marks for the rate, which will be directed to the level of 1.1935.
A test of such a downward trend will be testing of the support area, which will be complemented by a change in the direction of prices from the upper line of the “Triangle” figure. When passing through the resistance area, as well as when the price changes exceeding the level of 1.2175, one should notice a subsequent rise in the downward direction, which will follow to the level of 1.1935.
However, one should not exclude the possibility of an upward trend in the quotes of the price level of the Euro against the US Dollar, the consequence of which will be the advantage of the “bulls”. Also, in the future, a change in the price level will be expected with an increase to the level of 1.2205. In the future, we should expect the fixing of the upward direction, after which the growth of quotations will follow near the level of 1.2345.
Based on the above, it is worth noting that tomorrow, January 22, 2021, the EUR / USD rate will test the level of 1.2175, after which the bears will have the advantage. In the future, the rate quotes will fall and head towards 1.1935, which will be tested by testing the support level. But do not forget the possibility of an upward trend for tomorrow, as a consequence of which the Euro / US Dollar rate will break the level of 1.2205. The bulls will have the advantage and the quotes will go to the level of 1.2345.
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