FX.co ★ Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Tuesday February 21, 2023.

With the appearance of deviation between price movement with CCI indicator. The Histogram gave the signal if in the nearest time will depreciate up to the level 1.0482 where this confirmed by Zero Line in red which mean both Bearish condition and Chop Zone indicator is in red means that the bias from Fiber is Bearish. But with the condition that the two Sidewinder indicators are colored red which indicates that the EUR/USD condition is in a non-trending / non-volatile condition, therefore please also pay attention if there is a upward correction not exceeding the 1.0804 level because if this level is successfully penetrated, there is a high probability that the downward scenario described earlier will become invalid and automatically cancel itself.

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