The EUR / USD pair, in 4-hour charts, remains above the 200 EMA located at 1.2125 and above the 21 SMA, showing a strong bullish signal.
The key level is at 1.2085, if the pair remains above this level it is likely that there will be a bullish movement in the short term, until 4/8 of murray around 1.2207.
Our recommendation is to buy above the 200 EMA around 1.2125, with targets at 1.2207. On the other hand, a break below 1.2125, a correction could occur until the support of 1.2085, at that level we can buy the EUR / USD pair again.
Support And Resistance Levels For February 19 - 22, 2021
Resistance (1) 1.2171
Resistance (2) 1.2224
Resistance (3) 1.2305
Support (1) 1.2095
Support (2) 1.2041
Support (3) 1.2009
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Trading tip for EUR/USD for February 19 - 22, 2021
Buy if rebound around 1.2125 (EMA 200), with take profit at 1.22207, stop loss below 1.2085.
Sell below 1.2115 (EMA 200) with take profit at 1.2085 (3/8) stop loss above1.2145.
Buy if rebound around 1.2085 (3/8), with take profit at 1.2130 and 1.2207, stop loss below 1.2050.