empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

07.02.202415:57 विदेशी मुद्रा विश्लेषण और समीक्षा: Trading Signals for EUR/USD on February 7-9, 2024: buy above 1.0742 (21 SMA - 0/8 Murray)

Exchange Rates 07.02.2024 analysis

EUR/USD is trading around 1.0771, above the 21 SMA, and above 0/8 Murray. We can see that the euro started a technical rebound after having formed a double-bottom pattern. EUR/USD is likely to continue rising in the next hour until reaching 1.0803 and finally, it could reach the 200 EMA located at 1.0864.

In case EUR/USD makes a technical correction, it is expected to consolidate around 0/8 Murray located at 1.0742 which could offer a good opportunity to resume buy orders and the euro could continue with its bullish cycle.

Since February 5, the eagle indicator has been giving a positive signal. So, our strategy will be to continue buying the euro as long as it consolidates above 1.0722.

According to the market sentiment report, 62.20% of traders are buying the euro. This statistic could mean that the euro still has a strong technical correction and the downward pressure could intensify as EUR/USD approaches resistance levels. In case the instrument reaches resistance around 1.0803 or 1.0840, it could resume its bearish cycle.

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

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.