EurUsd- Medium term focus remains on 1.05

20 בפבר׳ 2023

After the aggressive drop from 1.1, EurUsd made a pause at 1.07 support and tried to reverse.
Attempts to reconquer 1.08 were sold and the pressure looks to be on the downside.
Although on Friday we have a Pin Bar reversal, the pair is under trend line support and the horizontal support from 1.08.
So, in the eventuality of a rise after this Pin Bar, this rally should be considered an opportunity to enter short against the 1.08 important ceiling at this moment