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EURUSD 03.03.2021
Overview:
Prices are moving in an upward direction
Expected:
The pair is trading above a strong support level around 1.2050, which enhances the bullish chances during the day's trading to 1.2100 - 1.2149.
Alternative Scenario:
On the other hand, we see that if the 1.2050 level is broken to the downside, this pair might push further down to 1.2000.
| Resistance | 1.2100 | 1.2149 | 1.2189 |
| Support | 1.2000 | 1.1960 | 1.1925 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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