Technical Analysis 23 February – Bullish outlook on EURUSD

Home > Trading Views > Technical Analysis 23 February – Bullish outlook on EURUSD

Prices mitigated a key support area on the H4 time frame where we could see limited upside on the H1 time frame. A pullback to our support zone at 1.12954 in line with the 127.2% Fibonacci extension and M1 order block presents an opportunity to play the bounce to the next resistance area at 1.13969. Stochastic is facing bullish pressure from its support at 9.65 as well where we could see further upside in prices.

Bullish outlook on EURUSD: 22 Feb 2022 by OrtegaCapital on

More Posts

trading robot

How Do Forex Trading Robots Work?

Compared to other investment instruments, forex trading has become widely popular in the past decade with lower barriers to entry and high potential returns on

day trading vs swing trading

Day Trading vs Swing Trading

Day trading and swing trading are two often confused terms representing two short-term strategies across different time periods. In this article, we will be comparing

day trade

A Beginner’s Guide to Day Trading

Day trading has recently seen emerging interest since the COVID-19 lockdowns due to its reputation for speedier returns. That said, its nuances and characteristics are