EUR/USD set another higher high at 1.1360 and another higher low at 1.1270

EUR/USD set another higher high at 1.1360 and another higher low at 1.1270, a bullish sign. Force on the four-hour outline is additionally positive and the pair settled over the 50 Simple Moving Average which turns out at 1.1300 at the season of composing.

Above 1.1358, obstruction anticipates at 1.1400 which was a swing low in late January. Further obstruction is at 1.1355 which topped the pair twice around a similar time. 1.1480 was a swing low toward the beginning of February.

Backing anticipates around 1.1310 which held EUR/USD down a week ago. 1.1270 was the depressed spot on Tuesday, and 1.1250 was a depressed spot twice a week ago. The 2019 low at 1.1230 is straightaway and pursued by 1.1210 which was the depressed spot in 2018.

EUR/USD Analysis , February 20

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John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.

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