EURUSD - 17 Feb , break and retest entry SELL

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EURUSD trend forecast February 17, 2025

The EUR/USD pair struggles to extend its recent winning streak, fluctuating within a tight trading range just below the key 1.0500 psychological threshold during the Asian session on Monday. Nevertheless, spot prices remain near their highest level in almost three weeks, reached on Friday, as the US Dollar (USD) continues to weaken.

From a technical standpoint, sustained trading above the 38.2% Fibonacci retracement level of the November-January decline, coupled with positive momentum indicators on the daily chart, strengthens the bullish outlook. Consequently, a further advance towards the 1.0545-1.0555 zone—where the 50% retracement level aligns with the 100-day Exponential Moving Average (EMA)—appears to be a likely scenario.

H1 frame shows eurusd price in downtrend, break support and continue to decrease

/// SELL EURUSD: zone 1.04800-1.05000

SL: 1.05300

TP: 40 - 80 - 150pips ( 1.03500 )

Safe and profitable trading

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تم فتح الصفقة

10 pips profit start signal ( SELL EURUSD : 1.04800 - 1.05000 )

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أغلقت الصفقة: تم الوصول للهدف

+ 30 pips , profit entry SELL EURUSD ( 1.04800 - 1.05000 )