Sun, Feb 28, 2021 @ 15:21 GMT
Home Contributors Technical Analysis EUR/USD Could Go Upwards

EUR/USD Could Go Upwards

On Friday, the EUR/USD currency pair failed to exceed the psychological level at 1.2140.

It is likely that some upside potential could prevail in the market, as the exchange rate could gain support from the 55-, 100– and 200-hour moving averages, as well the weekly PP in the 1.2100 area.

Note that the rate could face the resistance level at 1.2180. If the predetermined level holds, the pair could bounce off. Otherwise, the rate could exceed the weekly R1 at 1.2186.

Dukascopy Swiss FX Group
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading

Approaching Money Management


Gann Swing Charts

Forex Algorithmic Trading