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21.01.2025 05:59 PM
Trading Signals for EUR/USD for January 21-25, 2025: buy above 1.0327 (21 SMA - 200 EMA)

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Early in the American session, EUR/USD is trading around 1.0397 above the main downtrend channel which was broken and above the 21 SMA with a bullish bias.

On the H4 chart, we can see that the Euro is within a secondary bullish trend channel and is now gaining momentum. We believe that EUR/USD could continue its rise in the next few days and could even reach 8/8 Murray located at 1.0742.

In case the Euro falls below the 21 SMA located at 1.0327, the bearish outlook could resume and we could expect a new bearish cycle. Thus, the Euro could reach 3/8 of Murray located at 1.0131.

In the meantime, we will look for buying opportunities above 1.0327. Any technical bounce above this zone will be seen as a positive sign, with targets at the 200 EMA located at 1.0400, and finally at the 6/8 Murray around the psychological level of 1.0500.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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