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Farooq

Technical Analysis – EURUSD _ 20-02-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 20-02-2019
20
Feb
Technical Analysis – EURUSD _ 20-02-2019

The pair rose strongly during yesterday’s trading to reach the area of failure of the downside scenario at 1.1350 resistance which has not been able to penetrate until now … Closing four hours above the mentioned resistance may push the price for further rise towards the resistance 1.1405 as the first target and then 1.1460 as the second goal at least.

A return to trade below 1.1290 could return the downside potential to be the next targets around 1.1220 as the first target, and a breach could push the price directly to support around 1.1105 as the second target.


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