EURUSD NEXT POSSIBLE MOVE

EURUSD

**EUR/USD Technical Analysis – February 20, 2025**

As of February 20, 2025, the EUR/USD pair is trading near the 1.0470 level, experiencing a pullback after a recent rally.

**Key Levels:**
- **Resistance:** 1.0500
- **Support:** 1.0450, 1.0420

**Technical Indicators:**
- **Relative Strength Index (RSI):** The RSI is below 50, indicating bearish momentum.
- **Moving Averages:** The pair is trading below the 21-period Simple Moving Average (SMA), suggesting a potential downward trend.

**Trade Recommendation:**
Considering the current technical setup, a **sell** position may be appropriate if the price remains below the 1.0500 resistance level.

- **Entry Point:** Sell at 1.0460
- **Take Profit (TP):** 1.0420
- **Stop Loss (SL):** 1.0500

**Risk Management:**
This trade setup offers a reward-to-risk ratio of approximately 1:1. Ensure that your position size aligns with your risk tolerance and overall trading strategy.

**Conclusion:**
The EUR/USD pair is currently exhibiting bearish signals. A sustained move below the 1.0500 resistance level could validate a selling opportunity. Traders should monitor price action closely and adjust their strategies accordingly.

*Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*