empty
 
 
23.02.2021 10:19 AM
Technical Analysis of EUR/USD for February 23, 2021

This image is no longer relevant

Overview :

The EUR/USD pair continues to move upwards from the level of 1.2137.

Today, the first support level is currently seen at 1.2137, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.2137, which coincides with the 78% Fibonacci retracement level.

This support has been rejected three times confirming the veracity of an uptrend.

According to the previous events, we expect the EUR/USD pair to trade between 1.2137 and 1.2200.

So, the support stands at 1.2169, while daily resistance is found at 1.2200 . Therefore, the market is likely to show signs of a bullish trend around the spot of 1.2200.

In other words, buy orders are recommended above the spot of 1.2200 with the first target at the level of 1.2250; and continue towards 1.2300.

However, if the EUR/USD pair fails to break through the resistance level of 1.2200 today, the market will decline further to 1.2023.

It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.2023 and 1.2300 in coming hours.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback