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21.02.202318:44 Forex Analysis & Reviews: Technical analysis on EURUSD for February 21st, 2023.

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Black line- support trend line

Violet lines- Fibonacci retracement levels

EURUSD is trading around 1.0670. Price seems attracted the the 23.6% Fibonacci retracement level. Despite moving below it, price has not shown further weakness in order to reach the next target at the 38% retracement level. Price has provided a long lower tail candlestick and remains above 1.0620. Next downside target is at 1.0460 if price breaks below 1.0620-1.06. Inability to break below near term support will lead price higher towards 1.08 at least.

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