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.
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