EURUSD Forecast 19-23 February 2024
Hello dear followers of Gold price 24 website. In this article, I will provide a weekly analysis for the EUR/USD pair during the upcoming week from February 19th to 23rd, 2024.
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| Weekly EURUSD Forecast 19-23 February 2024 |
I will share with you in this article.
- Weekly EURUSD Forecast 19-23 February 2024
- EURUSD Forecast 19-23 February 2024 1H Time frame
- Entry zone EUR/USD
Weekly EURUSD Forecast 19-23 February 2024
Last week, the Euro to Dollar exchange rates experienced a significant decline against the US dollar. In the daily timeframe, as illustrated in the chart below, I anticipate the Euro to Dollar rates to rise from the current demand zone at 1.0716 towards the supply zone at 1.0850.
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| Weekly EURUSD Forecast 19-23 February 2024 1D Time frame |
EURUSD Forecast 19-23 February 2024 1H Time frame
Additionally, I expect a correction in the EuroDollar rates at the beginning of the upcoming week towards the demand zone at 1.0760 before resuming the upward trend. Therefore, any decline or weakness in the Euro during the next week will present an opportunity for buying.
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| Weekly EURUSD Forecast 19-23 February 2024 1H Time frame |
Entry zone EUR/USD
Buy : 1.0763
Stop loss :1,0732
Take Profit :1,0802
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