EURUSD intraday forecast (technical side) 2018-02-07

7 February 2018, 06:34
oleksandr bilokon


Settlement levels today:

support (S1 / S2 / S3 = 1.23297 / 014 / 1.22556), resistance (R1 / R2 / R3 = 1.24213 / 496/954).

The key resistance levels (1 st from 1.24087 to 1.23660 at the end of the day, 2nd from 1.24417 to 1.23937).

The OsMa indicator marked a decline in the activity of the parties, which provides the basis for the planning of trading transaction corrections for today.

Given the state of the Stochastics oscillators, expect a level test (down H1, key resistance levels), where it is recommended to consider the activity of the parties on the charts of smaller timeframes.

For short-term sales from (down H1, EMA120, R1), the goals are S2, EMA522, S3.

An alternative to purchases is meaningful when a reversal is formed from the levels (S1, S2, S3) with the goal of returning the rate to (down H1), or if the breakout is above the key levels of resistance to the levels (R2, up H4 broken, R3).

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