Thursday, February 9, 2023

The instrument was almost rangebound yesterday and dint gave any solid trading opportunity The max solid signal it gave was for 15 to 30 pips with a tight SL. The following are some of the important levels which needs to be taken care of before opening any order for the day :-

8th Feb
DH - 1.07607
DL- 1.06877

9TH Feb.

PIVOT - 1.0727

R1 - 1.0744 , S1 - 1.0693
R2 - 1.0778, S2 - 1.0675
R3 - 1.0829, S3 - 1.0624

* If Pivot is broken on the upside then we can expect a target to 1.0744 and 1.07607
* A return to 1.0750 will send a bullish behavior

* If Pivot is broken in the downtrend then it will hit the 1.06930 level. On the other hand 1.0650 level should be avoided .
* If it reaches 1.0675 level then it means the sell off is limited

EURUSD forecast signal

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