The EUR/USD is trading near a 4-week low.
The EUR/USD is trading near a 4-week low.
Yesterday 6th February 2023 ,the EUR/USD traded lower and closed the day in the red zone near the price of $1.0725. Today 7th February 2023, it was trading in a narrow range of $1.0720-40, staying close to a 4-week low. On the hourly chart, EUR/USD is still trading below the moving average MA (200) H1 ($1.0875). The situation is similar on the four-hour chart.
Resistances levels are at: $1.0785-95, $1.0875, $1.0940
Support levels are at: $1.0710, $1.0660, $1.0600
