EUR/USD for February 26,2020 – The upward target at the price of 1.0886 has been reached, potential for further upside and

EUR has been trading upwards as I expected. The price tested the level of 1.0908 and reached my yesterday’s target at 1.0887. The Pitchfork warning line 2 at the price of 1.0887 is acting like support and there is chance for further upside movement towards the levels at 1.0920 and 1.0940.

I would watch for buying opportunities on the dips using the intraday frames 15/30 minutes. The upward targets are set at the price of 1.0920 and 1.0940.

MACD oscillator is showing positive reading above the zero, which is sign that upward pressure is still present.

Resistance levels are set at the price of 1.0907, 1.0920 and 1.0940.

Support levels are set at the price of 1.0865 and 1.0830

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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