EURUSD 21 Feb 2024 on the Daily timeframe, the pair has managed to reverse the trend and is bullish after touching the support line last week. Returning to strengthen after experiencing a decline that took it below the kumo cloud on the ichimoku indicator, the pair has now managed to occupy the price position of 1.08142. If we refer to the stochastic indicator, it appears that it has been overbought which may allow a reversal to occur. If the trend reversal does occur, then go-short could be an option. However, if the pair manages to hold and continue bullish then go-long is an option. Keep an eye on the volatile market movements before making any trading decisions.
