Midday update for the EURUSD 22-02-2023

Natural gas price started to react to the negative pressure, to renew the its negative attack and notice achieving the next negative target at 2.000, while this level might form temporary psychological barrier against the negative attempts, while stochastic reach to the oversold areas will increase the chances of resuming the decline until testing the historical support at 1.650 followed by assuring the importance of monitoring its behavior to manage to detect the next targets.

The EURGBP pair faced strong negative pressures recently due to stochastic crawl below 50 level, to force it to postpone the bullish attack and decline below the additional support at 0.8830, to suffer intraday losses by moving towards 0.8805.

The EURJPY pair took advantage of the positive pressures caused by the frequent stability within the bullish channel and the positive momentum coming by the major indicators, to achieve the second main target at 144.00 and settles below it now.