Daily Technical Analysis Of EURUSD - Monday, Feb. 20

By AAATrade of AAATrade.com

Monday, February 20, 2023 9:48 AM EST

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Spotlight on EURUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

EURUSD

Looking at EURUSD’s chart, we can see that after the last Tuesday’s announcement on CPI, the FX pair is on a downtrend, but currently, it has technically upwardly reacted above the level of $1.07.

If it maintains the rate above this level today, then we could expect it to test its resistance level at around $1.0750-1.0760. If it fails to keep it above the level of $1.07, then it should drop toward its support level at around $1.0660.

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AAATrade's Daily Technical Analysis of EURUSD - 20/02/2023

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