EURUSD- 17Feb2022
On the daily, price once again closed above 20EMA, 50MAs and the long-term descending trendline.
On the H4, price is facing bearish pressure from the ascending trendline + 50MA. Price action is mixed for now. For further upside potential, price would need to close above 1st Resistance at 1.14130.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price once again closed above 20EMA, 50MAs and the long-term descending trendline.
On the H4, price is facing bearish pressure from the ascending trendline + 50MA. Price action is mixed for now. For further upside potential, price would need to close above 1st Resistance at 1.14130.
This is for personal record purposes only, not financial advise or solicitation of trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.