EURUSD- 04Feb2022
EURUSD- 04Feb2022
EURUSD surged higher after a hawkish twist from ECB's President Christine Lagarde speech. On the daily, price is now above 20EMA, 50MA and descending trendline.
On the H4, price is well above 78.6% Fib resistance. We could expect EURUSD to bounce to 1st Resistance at 1.15000 where it is expected to face bearish pressure.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD surged higher after a hawkish twist from ECB's President Christine Lagarde speech. On the daily, price is now above 20EMA, 50MA and descending trendline.
On the H4, price is well above 78.6% Fib resistance. We could expect EURUSD to bounce to 1st Resistance at 1.15000 where it is expected to face bearish pressure.
This is for personal record purposes only, not financial advise or solicitation of trade.
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