empty
 
 
07.02.2024 03:57 PM
Trading Signals for EUR/USD on February 7-9, 2024: buy above 1.0742 (21 SMA - 0/8 Murray)

This image is no longer relevant

EUR/USD is trading around 1.0771, above the 21 SMA, and above 0/8 Murray. We can see that the euro started a technical rebound after having formed a double-bottom pattern. EUR/USD is likely to continue rising in the next hour until reaching 1.0803 and finally, it could reach the 200 EMA located at 1.0864.

In case EUR/USD makes a technical correction, it is expected to consolidate around 0/8 Murray located at 1.0742 which could offer a good opportunity to resume buy orders and the euro could continue with its bullish cycle.

Since February 5, the eagle indicator has been giving a positive signal. So, our strategy will be to continue buying the euro as long as it consolidates above 1.0722.

According to the market sentiment report, 62.20% of traders are buying the euro. This statistic could mean that the euro still has a strong technical correction and the downward pressure could intensify as EUR/USD approaches resistance levels. In case the instrument reaches resistance around 1.0803 or 1.0840, it could resume its bearish cycle.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback