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Farooq

Technical Analysis – EURUSD _ 11-02-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 11-02-2019
11
Feb
Technical Analysis – EURUSD _ 11-02-2019

The potential bearish scenario remains valid with steady trading below 1.1410 … The pair may be heading towards its second target around 1.1290 support and then the main target around 1.1220 (the low of November 2018) … The saturation of the Stochastic and RSI indicators on the four hour frame may push Pair to test 1.1350 – 1.1375 and gather enough bearish momentum before heading for potential targets.

A break of 1.1410 might be enough to end the downside scenario, and the pair could then rise to test 1.1460 as the first target and then resistance 1.1510 as the second


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