EURUSD Intraday trade 19/02/2025
USD strength caused another EURUSD pullback to the weekly swing low.
On the daily, we could be forming an M structure for further downside. The safest sell entries are below 1.04271, but aggressive traders could enter now with yesterday’s high as the stop.
The intraday target remains 1.02700, where we may see momentum for a further break. Keeping an eye on how price reacts to key levels before committing to larger positions.
On the daily, we could be forming an M structure for further downside. The safest sell entries are below 1.04271, but aggressive traders could enter now with yesterday’s high as the stop.
The intraday target remains 1.02700, where we may see momentum for a further break. Keeping an eye on how price reacts to key levels before committing to larger positions.
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