Forecast for EUR/USD on February 16, 2024

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16.02.2024 06:03 AM




EUR/USDYesterday, under the influence of the stock market (S&P 500 0.58%) and its own convergence, the euro rose by 44 pips. The upper boundary of the descending price channel at 1.0790 is nearby. A break above the channel will open the nearest target level at 1.0825. Then, assuming that the stock market will continue to rise, the euro may attempt to reach the MACD indicator line at 1.0868 on the daily chart.The stock market needs to rise by 0.39% to




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