Technical analysis Forex of EUR/USD for 18.02.2019

Tags: 

EURUSD: growth target at the 1.1341 resistance

In the first half of Friday’s trading, the EURUSD pair continued its decline within the downwards channel with a drop from 1.1294 to 1.1234 to revisit the low from the 13th of November of last year. However, the pair underwent a sharp reversal ahead of the US session, and went on to climb to 1.1308, breaking through the upper boundary of the downwards channel that has been dictating this pair’s trajectory since the end of January. The pair then closed the week at 1.1292.

Technical analysis Forex of EUR/USD for 14.02.2019

Tags: 

The correction was a short-lived bounce and new low was made already.
The EUR/USD pair has bounced from the support at the level of 1.1258 and then tested the local technical resistnace at the level of 1.1341. Then the market reversed quickly as the bounce was very short-lived and the bears have managed to break throught he support at the level of 1.1258 and made a new low on their way down at the level of 1.1249.

Pages

Subscribe to Forex Daily Forecasts | Currency Exchange Rates | Forex Trading RSS