EUR/USD Technical Analysis , February 18

From a specialized point of view, the progressing positive energy past 23.6% Fibonacci retracement dimension of the 1.1515-1.1235 late destruction neglected to outperform the 200-hour SMA obstacle. With specialized markers on hourly graphs increasing positive footing, a continued move past the referenced obstruction should prepare for a move towards half Fibonacci retracement level, around the 1.1370 area, additionally nearing 50-day SMA key obstacle.

On the other side, the 1.1300 handle presently appears to go about as prompt help, which whenever broken may turn the pair powerless against resume its settled bearish pattern and point towards testing multi-month lows, around the 1.1210 area . A finish offering can possibly keep hauling the pair, even underneath the 1.1200 round figure mark, towards its next help close mid-1.1100s.

The USD was additionally pressurized by the way that the US President Donald Trump announced a national crisis on fringe security and was viewed as one of the key factors behind the pair’s goodish intraday turnaround. The pair based on the energy through the Asian session on Monday, yet further gains are probably going to stay constrained in the midst of missing significant market moving financial discharges and the President’s Day occasion in the US.

EUR/USD Technical Analysis , February 18

PENDING ORDER BUY  EUR/USD @ 1. 1320    SL:  1. 1305              TP1: 1.1335     TP2: 1.1350    TP3: 1.1365

PENDING ORDER SELL  EUR/USD @ 1.1301   SL:    1.1316              TP1: 1.1286    TP2: 1.1271     TP3: 1.1256

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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.