27.02.202310:03 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Monday February 27, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD on the daily chart seems on the low condition where this is confirmed by the appearance of deviations between price movements and the Stochastic Oscillator indicator and moves below the 10 EMA which dips down so that in the next few days it has the potential to fall down to test the 1.0483 level. If this level is successfully broken down, then the 1.0223 level will be the main target. will be aimed at and the 0.9936 level will be the next target if the momentum and volatility are sufficiently supportive with a note that on the way to the targets of this level there is no significant correction to break above the 1.0804 level because if this level is successfully broken above then Bearish conditions in Fiber have the potential to stalled for some time or even reversed so that all the decline scenarios that have been described just now will become invalid and cancel by themselves.

(Disclaimer)

Back to the list

Open trading account

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