empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

03.02.202320:36 Forex Analysis & Reviews: Technical analysis of EUR/USD for February 03, 2023

Exchange Rates 03.02.2023 analysis

Overview:

The EUR/USD pair has dropped sharply from the level of 1.0917 towards 1.0813. Now, the price is set at 1.0868 to act as a daily pivot point.

It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.0868 and 1.0766 in coming hours.

Furthermore, the price has been set below the strong resistance at the levels of 1.0899 and 1.0868, which coincides with the 50% and 37.2% Fibonacci retracement level respectively.

Additionally, the price is in a bearish channel now. Amid the previous events, the pair is still in a downtrend. From this point, the EUR/USD pair is continuing in a bearish trend from the new resistance of 1.0917.

Thereupon, the price spot of 1.0917 remains a significant resistance zone. Therefore, a possibility that the EUR/USD pair will have downside momentum is rather convincing and the structure of a fall does not look corrective; In order to indicate a bearish opportunity below 1.0828, sell below 1.0828 with the first targets at 1.0766 (the double bottom is seen at 1.0766).

However, the stop loss should be located above the level of 1.0917.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.