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07.02.202319:47 Forex Analysis & Reviews: February 7, 2023 : EUR/USD daily technical review and trading opportunities.

Exchange Rates 07.02.2023 analysis

The price zone around 1.1500 has applied significant SELLING pressure upon the previous ascending movement towards it.

Shortly after, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.

The market has remained under buying pressure until a plateau level occurred around 1.0800-1.0850. This was followed by a significant SELLING price action leading to the ongoing price decline.

In the mean time, any downside movement towards 1.0300 should be watched for BUYING pressure where a new upside movement can be established.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

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