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EURUSD, February 15, 2021
Overview:
Prices are moving in a short-term downtrend
Expected:
The pair is trading below a strong resistance level around 1.2155, which might push the pair to go downwards to reach the level of 1.2084.
Alternative Scenario:
On the other hand, we think that if the level of 1.2155 is broken to the upside, the pair might be pushed upwards to 1.2200.
| Resistance | 1.2235 | 1.2200 | 1.2155 |
| Support | 1.2023 | 1.2050 | 1.2084 |
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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