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23.02.202311:43 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD is renewing its low, but a rise is also possible

Exchange Rates 23.02.2023 analysis

EUR/USD, four-hour (H4) timeframe.

Although euro updated the weekly low yesterday, there was no strong movement downwards, so there was no hint of a reversal. Nevertheless, the lows are being tested again; however, unlike the previous days, buying at these levels, albeit profitable, is now risky.

The best thing to do is to place a buy order, aiming to break up the buy stop at 1.0630. Then, set stop-loss at 1.0560.

In case of a decline, revise the entry point to downwards.

In case of a reversal, pull the stop-loss order under the daily low.

One of the reasons for a price decline is inflation in Germany, which has shown a repeat of the winter highs at 9.4%. Unlike in the US, inflation in the region has not fallen so far.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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