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10.02.202323:28 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for February 10th, 2023.

Exchange Rates 10.02.2023 analysis

EURUSD is trading below 1.07. Short-term trend remains bearish as price continues making lower lows and lower highs. Price remains below the Kijun-sen (yellow line indicator) in the Daily chart, suggesting more downside to be expected. Daily trend remains bullish but with price below the tenkan-sen (red line indicator) and the kijun-sen, EURUSD is vulnerable to testing the upper cloud boundary at 1.06. Resistance is at 1.0758. Next week we expect a bearish start for price to move lower towards 1.06.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Alexandros Yfantis,
Analytical expert of InstaSpot
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