Monday 25th February: Weekly technical outlook and review



Weekly gain/loss: +0.35%

Weekly close: 1.1330

Weekly perspective:

Since October 2018, the buyers and sellers have been battling for position between a long-standing support/resistance at 1.1465 and a notable demand area coming in at 1.1119-1.1295. As is evident from the chart, the week concluded responding from the lower edge of this consolidation; therefore further buying may take shape this week. Outside of these areas, zones on the radar fall in at a resistance area drawn from 1.1717-1.1862 and a 2016 yearly opening level at 1.0873.

This article does not constitute an investment advise, and is for educational purposes only!