EURUSD intraday technical analysis - 22/02/2019

EURUSD

1.13478 / 1.13483

SUMMARY

Up

TREND

Upward penetration

SENTIMENT

Bullish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Initial resistance level on the upside is seen at 1.1370 (R1). If the market manages to surge higher, our focus will shift to the next target at 1.1400 (R2) and any further price strengthening would be limited to final resistance at 1.1430 (R3).
Downwards scenario: Further downside extension is limited now to the key support level at 1.1329 (S1). Break here is required to open a route towards to lower aim at 1.1303 (S2) and then any further market weakening would be targeting final support at 1.1275 (S3).

Resistance levels: 1.1370, 1.1400, 1.1430

Support levels: 1.1329, 1.1303, 1.1275