EURUSD FORCAST FOR 16TH FEB,2023

16 feb 2023

Please pay attention to the following levels and trade set up before opening any position.

15th Feb

DH- 1.07445
DL- 1.06624

16TH FEB

PIVOT - 1.0697

R1- 1.0734, S1- 1.0650
R2- 1.0781, S2- 1.0529
R3- 1.0865, S3- 1.0529

* Pivot needs to be broken in the upward direction to target R1 1.0734 and 1.07445
* Return to 1.07 level shows a bullish behavior
* If the Pivot is not broken then it can come down to S1 1.0650.
* Levels below 1.06 shall be avoided and it may cause major sell off.
* Breakthrough above 1.0734 would give a bull run to 1.07402 and 1.07410.
* A move above 1.07402 would give a bullish signal and can touch R2 1.0781
* Failure to break 1.07402 in the upward direction can bring it down to S1 1.0650

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