EURUSD- 18Feb2022
On the daily, price once again closed above 20EMA, 50MAs and the long-term descending trendline. It could have further upside once it clears the H4 & H1 resistance.
On the H4, price faced bearish pressure from the ascending trendline + 50MA and dropped. Price was able to bounce back and is now consolidating. Price is mixed for now but In order to gain further bullish momentum like GBP, EURUSD have to clear all the resistance at 1.14130 for further upside.
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. It could have further upside once it clears the H4 & H1 resistance.
On the H4, price faced bearish pressure from the ascending trendline + 50MA and dropped. Price was able to bounce back and is now consolidating. Price is mixed for now but In order to gain further bullish momentum like GBP, EURUSD have to clear all the resistance at 1.14130 for further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.