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Farooq

Technical Analysis – EURUSD _ 12-02-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 12-02-2019
12
Feb
Technical Analysis – EURUSD _ 12-02-2019

The negative pressure continues on the pair to stabilize the pairing at the moment below the second target level of the downside scenario at 1.1290. The bearishness indicators are appearing on the Stochastic and RSI indicators …..possible downside scenario

remains with weak area being revised around the first target levels at 1.1350 and could target the November 2011 low around 1.1220.

A breach of 1.1350 might be enough to end the downside scenario and the pair could push to test 1.1405 as the first target and then 1.1460 as the second target at least.


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