Forextrading
EURUSD ANALYSIS ON H4 CHART.Overall, EUR/USD is trending downwards. Recently, EUR/USD traded into the support zone of 1.10000.
The European Central Bank (ECB) held its monetary policy unchanged during its meeting yesterday. The central bank sent out a hawkish tone when it announced that it will speed up its QE tapering if the eurozone economic data warrants it to do so, potentially ending bond-buying during the third quarter of 2022.
Currently, EUR/USD is testing the support zone of 1.10000 and the next resistance zone is at 1.12000.
Look for short-term buying opportunities of EUR/USD if it bounces off the support zone of 1.10000.
EURJPY ANALYSIS ON H4 CHART.Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the support zone of 127.500.
The eurozone retail sales date (Actual:0.2%, Forecast: 1.5%, Previous: -3.0%) released last Friday indicated a slowdown in consumer spending in January
Currently, EUR/JPY is testing the support zone of 125.000 and the next resistance zone is at 127.500.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 125.000.
EURUSD ANALYSIS ON H4 CHART.Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the resistance zone of 1.12000.
The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8).
CPI Flash Estimate y/y (Forecast: 5.6%, Previous: 5.1%)
Core CPI Flash Estimate y/y (Forecast: 2.6%, Previous: 2.3%)
EUR/USD’s next support zone is at 1.11000 and the next resistance zone is at 1.12000.
Look for short-term selling opportunities of EUR/USD.
Trading Signal For GBPJPYTrading Setup:
There is a Trading Signal to Sell in GBPJPY Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell Now 154.28or Sell on 155.31
⭕️SL: 156.27
🔵TP1: 153.41
🔵TP2: 151.51
🔵TP3: 148.80
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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