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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD 03.03.2021

Technical Analysis
Wednesday, March 03, 2021 - 10:52
Point Trader Group
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.

 

Resistance1.21001.21491.2189
Support1.20001.19601.1925

 

 

*Risk Disclaimer: 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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