End of day analysis for EURUSD 20-02-2018
Economies.com
2018-02-20 19:18PM UTC
The EURUSD pair continued its decline to approach our waited target at 1.2300, which represents the meeting point of the bullish channel’s support with 38.2% Fibonacci correction level, which hints that the chances are valid to resume the main bullish trend in the upcoming sessions.
Therefore, it is important to monitor the upcoming trading, as the stability of the mentioned level against the negative pressure will push the price to achieve gains that start at 1.2390 and extend to 1.2536, while breaking it will push the price to head towards 1.2226 as a next negative station.
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