As a result of CPI, EURUSD touched the 1.08 level on 14th Feb but there was a strong resistance and hence it fell down almost 800 Pips. For a proper trade set up please keep in mind the following levels.
14th Feb
DH - 1.08044
DL - 1.07072
15th Feb
Pivot - 1.0749
R1- 1.0792, S1- 1.0694
R2- 1.0847, S2- 1.0651
R3- 1.0945, S3- 1.0554
* EURUSD should break the pivot in the upward direction to target 1.0792 and 1.08044
* A return to 1.0750 will mark a bullish behavior
* If the Pivot is not broken in the upward direction then we can see a fall to 1.0694
* If the price reaches 1.0650 level then it would probably limit the sell off .
* If the price moves above 1.07438 and 1.07527 then it could give a bull run to 1.07762 and 1.0792
* If it is unable to break 1.07438 then it can come down to 1.0694
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14th Feb
DH - 1.08044
DL - 1.07072
15th Feb
Pivot - 1.0749
R1- 1.0792, S1- 1.0694
R2- 1.0847, S2- 1.0651
R3- 1.0945, S3- 1.0554
* EURUSD should break the pivot in the upward direction to target 1.0792 and 1.08044
* A return to 1.0750 will mark a bullish behavior
* If the Pivot is not broken in the upward direction then we can see a fall to 1.0694
* If the price reaches 1.0650 level then it would probably limit the sell off .
* If the price moves above 1.07438 and 1.07527 then it could give a bull run to 1.07762 and 1.0792
* If it is unable to break 1.07438 then it can come down to 1.0694
If you like our analysis then please Share, Like & Follow US as it highly Motivates us to work harder. Also if you want us to analyses on any other Pairs please feel free to Inbox for leave us a comment. Thanks