BREAKING NEWS:
point logo
Fund Your Account Request Call Back
English English
العربية العربية

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

 

 

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

Related Topics

Latest Education Articles

Is there a relationship between interest rates and inflation rates?
Friday, July 14, 2023 - 19:25
How Currency Market Moves - Learn Fundamental Analysis
Thursday, February 13, 2020 - 21:24
Tips to avoid losing money in the FX Market
Thursday, January 30, 2020 - 14:39
Why Leverage is a double edged sword? P2
Friday, January 17, 2020 - 13:00

REQUEST A CALL BACK

Get financial advice from Point trader group experts

YOU CAN TRUST POINT TRADER GROUP

For Free Expert Financial Advice

CONTACT US
Open your Real Account now

Start making money from your home!

OPEN REAL ACCOUNT
Try the Demo Account now

Get Your Free Demo Trading Account

OPEN DEMO ACCOUNT