Technical Analysis 23 February – Bullish outlook on EURUSD

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Prices mitigated a key support area on the H4 time frame where we could see limited upside on the H1 time frame. A pullback to our support zone at 1.12954 in line with the 127.2% Fibonacci extension and M1 order block presents an opportunity to play the bounce to the next resistance area at 1.13969. Stochastic is facing bullish pressure from its support at 9.65 as well where we could see further upside in prices.



Bullish outlook on EURUSD: 22 Feb 2022 by OrtegaCapital on TradingView.com

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