Wednesday, February 15, 2023

As a result of CPI EURUSD touched the 1.08 level on 14th Feb but there was a strong resistance and hence it fell down almost 800 Pips. For a proper trade set up please keep in mind the following levels.

14th Feb
DH - 1.08044
DL - 1.07072

15th Feb

Pivot - 1.0749

R1- 1.0792, S1- 1.0694
R2- 1.0847, S2- 1.0651
R3- 1.0945, S3- 1.0554

EURUSD should break the pivot in the upward direction to target 1.0792 and 1.08044
* A return to 1.0750 will mark a bullish behavior
* If the Pivot is not broken in the upward direction then we can see a fall to 1.0694
* If the price reaches 1.0650 level then it would probably limit the sell off .
* If the price moves above 1.07438 and 1.07527 then it could give a bull run to 1.07762 and 1.0792
* If it is unable to break 1.07438 then it can come down to 1.0694

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EURUSD trading move

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