EURUSD- 15Feb2022
EURUSD- 15Feb2022
On the daily, price dropped below 20EMA and 50MA. It found support from the long-term descending trendline.
On the H4, price have dropped lower since breaking below the pivot at 1.13800. We could expect a short-term bounce before EURUSD today. If the price bounces back to 1st Resistance at 1.13620, EURUSD is expected to face strong bearish pressure for further downside.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price dropped below 20EMA and 50MA. It found support from the long-term descending trendline.
On the H4, price have dropped lower since breaking below the pivot at 1.13800. We could expect a short-term bounce before EURUSD today. If the price bounces back to 1st Resistance at 1.13620, EURUSD is expected to face strong bearish pressure for further downside.
This is for personal record purposes only, not financial advise or solicitation of trade.
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