EURUSD Price Forecast 9th Feb 2023

The instrument was almost rangebound yesterday and dint gave any solid trading opportunity The max solid signal it gave was for 15 to 30 pips with a tight SL. The following are some of the important levels which needs to be taken care of before opening any order for the day :-

8th Feb
DH - 1.07607
DL- 1.06877

9TH Feb.

PIVOT - 1.0727

R1 - 1.0744 , S1 - 1.0693
R2 - 1.0778, S2 - 1.0675
R3 - 1.0829, S3 - 1.0624

* If Pivot is broken on the upside then we can expect a target to 1.0744 and 1.07607
* A return to 1.0750 will send a bullish behavior

* If Pivot is broken in the downtrend then it will hit the 1.06930 level. On the other hand 1.0650 level should be avoided .
* If it reaches 1.0675 level then it means the sell off is limited.