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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

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

 

 

*Risk Disclaimer: 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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