empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

23.02.202415:23 Forex Analysis & Reviews: Trading Signals for EUR/USD on February 23-26, 2024: sell below 1.0820 (overbought - 200 EMA)

Exchange Rates 23.02.2024 analysis

Early in the American session, the euro is trading around 1.0820, above the 200 EMA, and below 2/8 Murray. We can see that the euro is trading within the bullish trend channel forming since February 13.

During the European session, the euro tested the bottom of this channel and gained an opportunity for a technical rebound. Now the probability is to continue rising and EUR/USD could face the resistance of 1.0862 again.

If the euro trades above 1.0821 in the next few hours, the outlook could remain bullish and the instrument could reach the top of the uptrend channel around 1.0890 and could even reach 3/8 Murray at 1.0925.

The pivot point is located around 1.0840. If the Euro falls below this level in the next few hours, there will be a change in the trend, but for this, we should wait until EUR/USD breaks sharply through the bullish trend channel and consolidate below the 1.0820 level.

If this scenario occurs, the euro could have a downward acceleration with targets at 0/8 Murray located at 1.0742 and finally, at -1/8 Murray located at 1.0681.

Since February 19, the eagle indicator has been overbought. So, in the coming days, EUR/USD is likely to make a strong technical correction and could return to levels of 1.07. The key to this outlook will be to monitor the euro trading below the strong resistance at 1.0864. Then, we could expect a technical correction to occur in the coming days.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.