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Technical analysis

EURUSD analysis: pair is bearish below 1.1337

OctaFx | Feb. 25, 2019
EURUSD analysis: pair is bearish below 1.1337

February 22, OctaFX – The euro has a neutral intraday bias against the US dollar as buyers and sellers struggle to take control of price-action in the short-term.

EURUSD technical analysis

The 1.1337 level is the key intraday pivot point, with the EURUSD pair now confined to tight range bound trading conditions. Technical indicators on the four-hour time frame are moving lower, especially if sellers can hold price below the pairs pivot point.

  • The EURUSD pair is bearish while trading below the 1.1337 level, key support is found at the 1.1300 and 1.1280 levels.
  • If the EURUSD pair trades above the 1.1337 level, key resistance is found at the 1.1370 and 1.1410 levels.

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.