EURUSD#1 ---> Waiting result:

Good day, dear #investors and colleagues #traders!

Your attention a technical analysis of the currency pair #Eurusd:

*Comment_to_past_week:

The currency pair still managed to stop the series of falls and end the week, albeit in a small, but still a plus. +17 points compared to last week closing and 0.15% increase.

Throughout the week, the couple felt the pressure of strong US data that constantly tried to close the euro below 1.08. Investors for a very long time perceived the situation with coronavirus in #China as an exceptional negative for #Europe.

However, it was on Friday that leading indicators in the services and industrial production sectors came out: #PMI #USA and #PMI #Eurozone. And it was here that investors were made clear that commodity-led chains affect the United States more than Europe.

*Technical analysis:

The pair exited the 3-week #down_trend and is now trying to develop a corrective movement.

The asset also continues to consolidate near an important technical resistance level in the region of 1.0860, which is also technical resistance according to the #Fibonacci theory (23.6%) of the movement from February 3 to February 20.

The next important resistance zone is located at 1.09 and 1.0940.

By tradition, we call the weekly support and resistance zones:

A) #Support: 1.0795, 1.0743 and 1.0709.
B) #Resistance: 1.0881, 1.0914 and 1.0966.

*Orders_and_position:

Our indirect management fund continues to hold positions in the purchase of the single European currency from 1.0803 with #takeprofit 1.0940 and #stoploss 1.0750.

(!Attention, these are preliminary price levels and we reserve the right to change them in our trading).

Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”

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