Forex Daily Outlook – February 21, 2019

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Published: Feb 21, 2019, 10:11 UTC

EUR/USD The pair is currently stationed around the 1.1350 level as there are a lot of developments around the market and is also looking for clarity on

EUR/USD

The pair is currently stationed around the 1.1350 level as there are a lot of developments around the market and is also looking for clarity on the future momentum. The weak momentum around the USD is likely to support the EURO to reach higher, and if it breaks above 1.15 level, it will be extremely bullish and will attract many buyers. …Read More

GBP/USD

The British Pound is continuing to hold above the crucial 1.30 level, showing signs of strength. If the pair manages to go past the 1.32 level, then it can possibly reach towards the 1.35 level and above. Short term pullbacks will continue to offer a nice buying opportunity with 1.28 level underneath should be the massive support. …Read More

AUD/USD

The AUD continued to grind higher in Wednesday’s session, trying to reach towards the 0.72 level. The pair will continue to be extremely sensitive and the ongoing US-China trade talks will have maximum influence on the pair. The pair is likely to move around the 50 Day EMA and if the pair loses momentum, then it can reach towards the 0.70 level, which is its next major support level. …Read More

USD/JPY

The USD went back and forth against the JPY during Wednesday’s session, as it is successfully holding above the 110.50 level, which is a bit positive for the market. But is struggling to break above the 111 level and also the 200 Day EMA is also offering stiff resistance. The pair is expected to remain volatile and choppy, and a break below 110 level would attract sellers back into the market. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.