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

 

 

  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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