EURUSD- 03Feb2022
EURUSD- 03Feb2022
On the daily, price bounced back in between 20EMA and 50MA. We could expect EURUSD to face bearish pressure for a short-term pullback.
On the H4, price faced bearish pressure from the 200MA and Fib confluence resistance. With Stochastic also at resistance, we could expect EURUSD to pull back to 1st Support at 1.12500
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced back in between 20EMA and 50MA. We could expect EURUSD to face bearish pressure for a short-term pullback.
On the H4, price faced bearish pressure from the 200MA and Fib confluence resistance. With Stochastic also at resistance, we could expect EURUSD to pull back to 1st Support at 1.12500
This is for personal record purposes only, not financial advise or solicitation of trade.
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