EURTRY, February 15, 2021

Technical Analysis
Monday, February 15, 2021 - 14:50
Point Trader Group
EURTRY, February 15, 2021

Overview:

Prices are moving in a short-term downtrend

Expected:

The pair is trading below a strong resistance level around 8.4550, which might push the pair to go downwards to reach the level of 8.3936.

Alternative Scenario: 

On the other hand, we believe that if the level of 8.4550 is broken to the upside, the pair might be pushed further up to 8.5277.

Resistance8.55008.52778.4550
Support8.37258.38208.3936

 

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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