Market Analysis of EURUSD on Friday 17 February 2023

EUR/USD Intraday: the downside prevails.

Pivot:

1.0700

Our preference:

Short positions below 1.0700 with targets at 1.0640 & 1.0620 in extension.

Alternative scenario:

Above 1.0700 look for further upside with 1.0720 & 1.0740 as targets.

Comment:

The RSI is bearish and calls for further decline.