Market updates and forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer: ForexMart does not offer investment advice and the analysis provided should not be construed as a promise of future results.

January 14, 2021 : EUR/USD daily technical review and trading opportunities.
14:14 2022-01-14 UTC--5
Exchange Rates analysis

During the past few weeks, the EURUSD pair has been trapped within a consolidation range between the price levels of 1.1700 and 1.1900.

In late September, Re-closure below the price level of 1.1700 has initiated another downside movement towards 1.1540.

Price levels around 1.1700 managed to hold prices for a short period of time before another price decline towards 1.1200.

Currently, the price zone around 1.1500 stands as a prominent supply-zone to be watched for SELLING pressure and a possible SELL Entry upon the current ascending movement.

Moreover, it is not advised to add new SELL Entries around the current price levels as the pair already looks oversold.

Top Top