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#1 2021-01-24 18:45:22

DevinTXASage
Administrator
Registered: 2020-11-21
Posts: 482

EUR/USD X-Sequentials Daytrading 1/25/2021-29/1/2021

Dear Readers,

EUR/USD:
The EUR/USD peaked at 1.23495 on January 6th, 2021, and then fell to 1.20520, only to find resistance at 1.21896 at the downtrend mark at 1.21671. The EUR/USD closed at 1.21702 on Friday, January 22nd, 2021. The downward movement is over when the upward trend mark at 1.21671 is exceeded by a 4h closing price. The subsequent closing prices must be higher after an overbid, otherwise, resistance would be found. Otherwise courses up to 1.20063 to 1.19913 are to be expected.
Strategy:
Should the EUR/USD establish itself above 1.21896, rates of 1.21897 to 1.22581 would be expected. Otherwise, courses from 1.21474 to 1.19712 are to be expected. In the event of a price increase, the EUR/USD would find support at the latest in the 1.20936 to 1.20720 range and then rise. In the event of a decline, EUR/ SD would fall below 1.21580 and find resistance in the 1.21580 to 1.21998 area.
EUR/USD 4h X-Sequentials Chart:
EURUSD4h-24-1-21.png

With best regards,
Devin Sage, TXA Trading
www.Technische-X-Analyse-Trading.com

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