Market Analysis of EURUSD on Wednesday 16 February 2022

2022-02-16 10:00Source:BtcDana

EUR/USD Intraday: continuation of the rebound.

 

Pivot:

1.1335

 

Our preference:

Long positions above 1.1335 with targets at 1.1370 & 1.1385 in extension.

 

Alternative scenario:

Below 1.1335 look for further downside with 1.1320 & 1.1305 as targets.

 

Comment:

The RSI advocates for further advance.


Analyst Views Chart


This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.

More