EURUSD 30min Analysis March 1st, 2021
Price is in a strong downward trend but we are a little over extended towards our support zone.
Trade Scenario 1: Bearish - If we are to continue the trend we are looking for a retrace back to 1.2060 zone. We will then look to enter on strong bearish setups off this zone.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2060. We will then wait for a retrace and for 1.2060 to act as support.
Trade Scenario 1: Bearish - If we are to continue the trend we are looking for a retrace back to 1.2060 zone. We will then look to enter on strong bearish setups off this zone.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 1.2060. We will then wait for a retrace and for 1.2060 to act as support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.