EURUSD- 21Feb2022
After the last 2 weeks of selling, EURUSD found support from the descending trendline last Friday. It has been bouncing higher today. If EURUSD can bounce higher these 2 days, we could expect it to bounce higher to 1st Resistance at 1.14990.
On the H4, price is facing bearish pressure from the 50MA and trendline resistance. If EURUSD can bounce above these resistance on the H4, we could expect it to bounce higher to daily resistance at 1.14990.
This is for personal record purposes only, not financial advise or solicitation of trade.
After the last 2 weeks of selling, EURUSD found support from the descending trendline last Friday. It has been bouncing higher today. If EURUSD can bounce higher these 2 days, we could expect it to bounce higher to 1st Resistance at 1.14990.
On the H4, price is facing bearish pressure from the 50MA and trendline resistance. If EURUSD can bounce above these resistance on the H4, we could expect it to bounce higher to daily resistance at 1.14990.
This is for personal record purposes only, not financial advise or solicitation of trade.