EURUSD - 14 Jan - Resistance and good news for USD
EURUSD trend forecast January 14, 2025
The EUR/USD pair pauses its five-day decline, hovering near 1.0250 during the Asian session on Tuesday. Analyzing the daily chart reveals the persistence of a bearish trend, as the pair continues to trade within a descending channel.
The 14-day Relative Strength Index (RSI), a crucial momentum gauge, has climbed above the 30 mark, signaling a rebound from oversold territory. However, the EUR/USD pair remains positioned below the nine- and 14-day Exponential Moving Averages (EMAs), indicating subdued short-term momentum and confirming the broader bearish bias.
EURUSD price breaks downtrend - returns to retest resistance with PPI news also forecasted to be good for USD, downward pressure on EURUSD
/// SELL EURUSD : zone 1.02700 - 1.02800
SL: 1.03100
TP: 40 - 70 - 100pips ( 1.01800 )
Safe and profitable trading
The EUR/USD pair pauses its five-day decline, hovering near 1.0250 during the Asian session on Tuesday. Analyzing the daily chart reveals the persistence of a bearish trend, as the pair continues to trade within a descending channel.
The 14-day Relative Strength Index (RSI), a crucial momentum gauge, has climbed above the 30 mark, signaling a rebound from oversold territory. However, the EUR/USD pair remains positioned below the nine- and 14-day Exponential Moving Averages (EMAs), indicating subdued short-term momentum and confirming the broader bearish bias.
EURUSD price breaks downtrend - returns to retest resistance with PPI news also forecasted to be good for USD, downward pressure on EURUSD
/// SELL EURUSD : zone 1.02700 - 1.02800
SL: 1.03100
TP: 40 - 70 - 100pips ( 1.01800 )
Safe and profitable trading
Trade active
+ 20 pips , signal SELL EURUSD ( 1.02700 - 1.02800 ), great 
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.