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.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Mourad El Keddani,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaForex-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaForex-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.