EUR / USD pair: plan for the US session on January 25. Bears are in no hurry to return in the market

To open long positions on EUR / USD pair, you need:

Euro buyers are slowly but surely confidently moving up to the resistance level of 1.1340 and trying to cling to it. As long as the trade will be conducted above this range, it will be possible to count on the continuation of the upward trend to the area of the larger level 1.1376, where I recommend taking profits. In the event of a decline in the euro in the second half of the day, it is best to return to buying a rebound from support 1.1307 or from a new annual minimum around 1.1272. as the pair has rested against the upper limit of the downward price channel following the trend.

To open short positions on EUR / USD pair, you need:

The pair rested on the upper limit of the downward price channel and returning to the resistance level of 1.1339, on which there are no sellers active, will be a good signal to open short positions in euro with the first test goal of 1.1307 minimum. A breakthrough of which will lead to a larger EUR/USD sale in the support of 1.1272, where I recommend to take profits. In case of further smooth growth of the euro in the second half of the day, it is best to consider short positions to rebound from resistance 1.1376.

More in the video forecast for January 25

Indicator signals:

Moving averages

Trade is conducted in the area of 30- and 50-medium moving but the bearish trend continues.

Bollinger bands

In the event of a euro decline in the afternoon, support will be provided by the lower limit of the Bollinger Bands indicator around 1.1294.

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Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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