EURUSD- 14Feb2022
On the weekly, EURUSD faced bearish pressure from the 20EMA and 200MA and dropped lower last week. It is now on the daily 20EMA and 50MA support. Price could hold this level for today from the lack of economic data today.
On the H4, price dropped lower from the pivot at 1.13800 to 200MA support. It tried to bounce higher but faced bearish pressure from the trendline and 23.6% Fib resistance. Price could be just ranging sideways today with strong resistance at 1.13930 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, EURUSD faced bearish pressure from the 20EMA and 200MA and dropped lower last week. It is now on the daily 20EMA and 50MA support. Price could hold this level for today from the lack of economic data today.
On the H4, price dropped lower from the pivot at 1.13800 to 200MA support. It tried to bounce higher but faced bearish pressure from the trendline and 23.6% Fib resistance. Price could be just ranging sideways today with strong resistance at 1.13930 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.