FX.co ★ February 3, 2023 : EUR/USD daily technical review and trading opportunities.

The price zone around 1.1500 has applied significant SELLING pressure upon the previous ascending movement towards it.

Shortly after, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.

The market has remained under buying pressure until a plateau level occurred around the key-zone around 1.0800-1.0850.

In the mean time, any downside movement towards 1.0300 should be watched for BUYING pressure where a new upside movement can be established.