Market Analysis of EURUSD on Monday 7 February 2022

2022-02-07 10:00Source:BtcDana

EUR/USD Intraday: consolidation.

 

Pivot:

1.1485

 

Our preference:

Short positions below 1.1485 with targets at 1.1430 & 1.1410 in extension.

 

Alternative scenario:

Above 1.1485 look for further upside with 1.1500 & 1.1520 as targets.

 

Comment:

As long as 1.1485 is resistance, look for choppy price action with a bearish bias.


Analyst Views Chart


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