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.

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