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EURUSD Forecast And Technical Analysis Feb 11th 2018

EURUSD Forecast And Technical Analysis Feb 11th, 2018

Fundamental Overview:

DXY is increasing.

The risk-off sentiment is pushing the dollar and the yen higher against the other currencies.

Daily Chart:

Price is in lower BB.

RSI value is 48 and bearish.

Daily Resistance: 1.23000 – 1.23300

H4 Chart:

The pair tested EMA 200 support at 1.22100.

A break below 1.22100, will lead the price 1.21500 and 1.21100.

1.22670 is the Resistance #1 on the H4 chart. The next resistance is 1.23000.

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