empty
 
 

25.02.202116:23 Forex Analysis & Reviews: Technical Analysis of EUR/USD for February 25, 2021

Exchange Rates 25.02.2021 analysis

Overview :

The EUR/USD pair continues to move upwards from the level of 1.2104. Yesterday, the pair rose from the level of 1.2104 (the level of 1.2104 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.2218.

Today, the first support level is seen at 1.2104 followed by 1.2046, while daily resistance 1 is seen at 1.2262.

According to the previous events, the EUR/USD pair is still moving between the levels of 1.2104 and 1.2262; for that we expect a range of 158 pips (1.2262 - 1.2104).

On the one-hour chart, immediate resistance is seen at 1.2262, which coincides with a ratio of 78% Fibonacci retracement. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100).

if the trend is able to break out through the first resistance level of 1.2307 , we should see the pair climbing towards the daily resistance at 1.2349 to test it.

It would also be wise to consider where to place stop loss; this should be set below the second support of 1.1952.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Distinti saluti,
Analista del: Mourad El Keddani
GS InstaForex © 2007-2021
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.