EURUSD- 22Feb2022
On the daily, price tried to bounce but closed with a tombstone candle below the 20 & 50MAs after German Manufacturing PMI missed forecast but Services PMI beats estimates yesterday. EURUSD is currently still above the descending trendline.
On the H4, price faced bearish pressure from the ascending trendline and resistance at 1.1390 yesterday. Price action is mixed with no directional bias but price is expected to hold above 1st Support at 1.1260.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price tried to bounce but closed with a tombstone candle below the 20 & 50MAs after German Manufacturing PMI missed forecast but Services PMI beats estimates yesterday. EURUSD is currently still above the descending trendline.
On the H4, price faced bearish pressure from the ascending trendline and resistance at 1.1390 yesterday. Price action is mixed with no directional bias but price is expected to hold above 1st Support at 1.1260.
This is for personal record purposes only, not financial advise or solicitation of trade.