EURUSD Technical Analysis – 14th FEB, 2024
EURUSD – Bullish Price Crossover AMA50
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0793 the prices started to decline rapidly touching a low of 1.0695 today in the European trading session.
We can see Bullish price crossover pattern with the Adaptive Moving Average AMA50 in the 1-hourly timeframe.
The prices of EURUSD are ranging near the support of the channel in the daily timeframe.
We can see a continuous recovery in the levels of Euro after the recent decline and the formation of a bullish channel, with immediate targets of 1.0750.
We can see the formation of the Parabolic SAR Bullish reversal in the 1-hourly timeframe.
The prices of EURUSD are ranging near horizontal support in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
Euro bullish reversal seen above the 1.0700 mark.
Short-term range appears to be Mild Bullish.
EURUSD continues to remain above the 1.0720 levels.
Average true range ATR is indicating high market volatility.
The next resistance is located at 1.0762 which is a 14-3 Day Raw Stochastic at 80%.
EURUSD is now trading just above its Pivot levels of 1.0721 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0714 and is moving towards its next target of 1.0750.
Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.
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