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EUR/USD remains above 1.06 level

5:05 PM 13 February 2023

The sentiment in the market is improving this Monday, while investors await the results of inflation in the US that will be known tomorrow.


EUR/USD - 4 hour time frame chart

On the 4-hour chart, we can see that the price continues above the support zone marked by 1.06 which coincides with the Fibonacci levels at 61.8%, showing that there is still space for a new bullish momentum.
As long as the price remains above this zone, the bullish scenario seems likely to happen.

 


EUR/USD, 4 hours time frame chart. Source: xStation 5

 

CHF and USD lead the lossess this trading session.

Heatmap. Source: xStation 5

Henrique Tomé, XTB Portugal

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