empty
 
 
10.02.2021 08:32 AM
Morning review for EUR/USD on February 10

This image is no longer relevant

EUR/USD, daily time frame:

Looking at the daily time frame, the technical picture is clearly drawn.

  1. A clear downward correction on the daily chart is already completed, in view of a large upward trend.
  2. A clear upward trend reversal to the level of 1.1950 can be noted. If the price breaks through it and consolidates below, it will serve as a signal to decline.
  3. There are three targets to continue growth.

The first growth target is 1.2190. It will be followed by the second one, which is the target of 1.2350. Once the price left this level, it will open the way to the third target of 1.2450.

However, the range for now is this: the lower limit is 1.1950 and the upper limit is 1.2350.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback