Forex EUR/USD Daily Video, February 27, 2024

Sive Morten

Special Consultant to the FPA
Good morning,

Today EUR stands at critical level of ~1.0860. In fact price re-tests daily K-resistance area. Upside breakout means that no return back to 1.08 will happen. If level holds, we could get downside AB-CD and harmonic right arm for 4H reverse H&S pattern:

50DSMA critically targeting 200DSMA in sharp rise from 15 Feb onwards..
To be or not to be.
The grabber is seen in 4 hr chart just before NY starts