Wait | 25 February 2020

25 February 2020, EUR/USD

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Technical Observation

EURUSD is currently in an active up trend. The pair continued to the upper side and barely touched the 50.0% fib level before pulling back to the lower side, while the price is held above the Alligator trend indicator attached, we're looking for possible long term buy positions and should break above 1.08674, but on the flip side, should the price break below 1.08462, then I'll recommend low risk sell positions towards 1.08199 and the next target being 1.07775. If the price goes below this level, then further momentum much lower is expected.

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Imelda Maseno
Analyst of «FreshForex» company
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