- EUR/USD slides to 1.0475 on Monday, and stops temporarily after the sharp gathering last week.
- The withdrawal seems to be a technical correction, with the focus of the main support levels.
Euro/dollars A step fell on Monday, as it decreased by 0.15 % to 1.0475 after an impressive gathering last week by more than 1.50 %, which represents a four -day win series. The decline seems to be a natural break rather than a structural shift, as technical indicators still prefer the upward trend. The couple remains comfortable at the top of the simple moving average for 20 days (SMA), indicating that the declines may attract the attention of renewable purchase.
batch Indicators It reflects a slight slowdown but does not indicate an imminent reflection. The RSI has declined to 59 but remains in a positive area, indicating that the assembly may not end yet. Meanwhile, a graph of the contrast of medium convergence (MACD) remains flat with green strips, indicating unification instead of a strong declining step.
In order for the bulls to restore full control, EUR/USD needs to restore 1.0500 and establish itself above this psychological level. On the negative side, immediate support lies in 1.0450, followed by 1.0420. The deepest correction can see that the husband re -testing SMA for 20 days near 1.0400, where buyers are likely to intervene.
The euro graph/daily dollar
2025-02-17 16:18:00