14.02.202516:21 Forex Analysis & Reviews: Trading Signals for EUR/USD for February 14-17, 2025: sell below 1.0500 (200 EMA - 6/8 Murray)

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Early in the American session, EUR/USD is trading 1.0463 inside the uptrend channel forming since the beginning of February and reaching overbought levels around 6/8 Murray.

On the H4 chart, we can see that the EUR/USD continued its rise during the European session until it reached the top of the bullish trend channel around 1.0487. Since then, we have seen a technical correction which is likely to set the stage for a bullish cycle in the next few hours.

If the euro tries to break 6/8 Murray located around the psychological level of 1.0500, we should expect a consolidation above this area. On the contrary, if this scenario does not occur, we could see a strong technical correction and EUR/USD could fall towards 5/8 Murray located at 1.0376.

The outlook remains bullish for the euro but it is showing signs of exhaustion. If EUR/USD finds a strong rejection at 1.0498, it could be seen as an opportunity to sell.

The eagle indicator is reaching overbought levels and is showing a negative signal. So, our trading plan could be sell positions as long as EUR/USD consolidates below 1.0500.

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