Trading Opportunities 14.01.2021


EUR/USD> Trading View


EURUSD appeared to be on a fall this week and by looking at the daily chart and the fundamentals it shows signs of falling ven further as depicted in the screenshot. Reaching the support level will be very interesting since crossing it will follow a further fall to the fibo level 0.382 (green line).

As expected, after a long wait the market eventually broke the support level.
EURUSD dropped further down and is estimated to reach the Fibonacci level of 0.382.



  Weekly Outlook 18.01.2021 – 25.01.2021


What do we expect the following week? You can find below the scheduled announcements and reports?

  Comments


At 4:00, people expect the release of China’s GDP for the last quarter of 2020. It’s an important measure of economic activity and is inflation-adjusted. Due to its importance, it might cause a short-period shock at the time of the release if the expected figure is far from the actual figure. Higher GDP means good for the economy, especially if is better than the forecast. CNH pairs would in that case fall.

At 4:00, people expect the release of China’s GDP for the last quarter of 2020. It’s an important measure of economic activity and is inflation-adjusted. Due to its importance, it might cause a short-period shock at the time of the release if the expected figure is far from the actual figure. Higher GDP means good for the economy, especially if is better than the forecast. CNH pairs would in that case fall.

Interactive Chart> Live Pricing


The below chart shows EURUSD by default.
You may select another symbol from the drop-down menu which is visible after you click on the current symbol.

Winners vs Losers > Live Pricing


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About the author: Marios Kyriakou has a bachelor’s degree in Economics from the University of Cyprus and a master’s degree in Economics from the University of Warwick. He is also a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework and a professional in Online Trading, Forex and CFDs with more than 8 years of experience.

View his full profile > Here

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