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Stock market analytics, financial 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:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trading Signals for EUR/USD for January 27-29, 2025: sell below 1.0520 (21 SMA - 6/8 Murray)
10:09 2025-01-27 UTC--5
Exchange Rates analysis

Early in the American session, the EUR/USD pair is trading around the psychological level of 1.05, above 6/8 Murray, and within the bullish trend channel forming since January 13. The instrument is showing signs of exhaustion.

The euro could suffer a technical correction in the next few hours as it is reaching strong resistance levels. At the same time, overbought levels are observed on the H4 chart.

In case the euro falls below 6/8 Murray, the outlook could be negative and it could be seen as a signal to sell with a target at 1.0449. Finally, EUR/USD could reach the 200 EMA at 1.0405.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.