EURUSD Price Breaks Up $1.20 Resistance Level, Targeting $1.22 – Cryptovibes.com – Daily Cryptocurrency and FX News

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


EURUSD Price Analysis – February 22

Should the Bulls maintain their momentum and push up the price to break $1.22 levels, then, $1.23 and $1.24 maybe its target. In case the bears defend the $1.22 resistance level, bearish momentum may increase and the price may test the support level at $1.20, $1.19, and $1.18. The Relative Strength Index period 14 is above 50 levels with the signal line pointing up to indicate a buy.

EUR/USD Market

Key Levels:

Resistance levels: $1.22, $1.23, $1.24

Support levels: $1.20, $1.19, $1.18

EURUSD Long-term Trend: Bullish

The bulls are returning to EURUSD market. Last week, the currency pair was heading towards south breaking the support level of $1.20. The bulls are not convenient with the downtrend. An increase in the bulls’ pressure led to an increase in price. A daily bullish candle appeared and the price increases towards the resistance level of $1.22. Further price increase envisaged as more daily bullish candles are formed.

EURUSD have penetrated the two EMAs upside by the bulls’ pressure.  The 9 periods EMA is crossing the 21 periods EMA upside to establish an uptrend. However the price is trading above the 9 periods EMA and the 21 periods EMA. Should the Bulls maintain their momentum and push up the price to break $1.22 levels, then, $1.23 and $1.24 maybe its target. In case the bears defend the $1.22 resistance level, bearish momentum may increase and the price may test the support level at $1.20, $1.19, and $1.18. The Relative Strength Index period 14 is above 50 levels with the signal line pointing up to indicate a buy.

 

EURUSD medium-term Trend: Bullish

EURUSD is bullish in the medium-term outlook. The former resistance level of $1.20 was penetrated upside after EURUSD found support at $1.19 on February 04 and consolidates for few hours. The price retracement was carried out towards the former support level of $1.20 on February 17. At the moment the price is increasing towards the resistance level of $1.22.

The price is trading above the 9 periods EMA and 21 periods EMA, the former EMAs are above the later as a bullish trend confirmation.   However, the Relative Strength Index period 14 is above 60 levels with the signal line pointing upside which indicates a buy signal.

Source link

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close