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EUR USD Technical Analysis - EUR USD Trading: 2021-02-01
EUR/USD Technical Analysis Summary
Below 1.2083
Sell Stop
Above 1.2135
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
EUR/USD Chart Analysis
EUR/USD Technical Analysis
The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is falling under the 200-period moving average MA(200) which has leveled off. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.2083. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.2135. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - EUR/USD
German retail sales fell more than expected in December. Will the EURUSD retreat resume?
German retail sales fell more than expected in December: the German Statistics bureau Destatis reported retail sales fell 9.6% over month in December after 1.1% increase in November, when a 2% decline was forecast. This is bearish for EURUSD.
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