EURUSD- 03Feb2022
On the daily, price bounced back in between 20EMA and 50MA. We could expect EURUSD to face bearish pressure for a short-term pullback.
On the H4, price faced bearish pressure from the 200MA and Fib confluence resistance. With Stochastic also at resistance, we could expect EURUSD to pull back to 1st Support at 1.12500
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced back in between 20EMA and 50MA. We could expect EURUSD to face bearish pressure for a short-term pullback.
On the H4, price faced bearish pressure from the 200MA and Fib confluence resistance. With Stochastic also at resistance, we could expect EURUSD to pull back to 1st Support at 1.12500
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.
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.