EURUSD Technical AnalysisTechnical Analysis

EURUSD Technical Analysis and Key Levels 02-23-2018

Overview based on Murrey Math and Moving Averages

EURUSD Technical Analysis and Key Levels 02-23-2018

Last day of the week. High volatility and low volumes.

Let us take a look at the technical levels of EURUSD.

The pair is below EMA 50 EMA 100 and EMA 200.

Strong bearish bias.

On the downside: 1.22600 is the first target of the pair.  Below 1.22600, we see  1.22060  MM Ultimate Support and Oversold 0/8. Between these levels, 1.22375 will be a strong support.

On the upside: 1.23330 Pivot reverse of MM Lines.  This level will act as a resistance.

If the price breaks above 123300, 1.23500 and 1.23650 EMA resistance can be tested.

Midterm Bullish Trend will be valid when the price closes above 1.23500.

To get the entry alert with  stop loss and take profit levels :

 

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