EURUSD 30min Analysis February 24th, 2021
Price continues to consolidate around our structure zone, we are waiting for a break in either direction.
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2175. We will then wait for a retrace and for 1.2175 to flip as support. Enter on strong bullish setups around this level.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.2160. We will then wait for a retrace and for 1.2160 to flip as resistance. Enter on strong bearish setups around this level, first targeting previous lows around 1.2140
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2175. We will then wait for a retrace and for 1.2175 to flip as support. Enter on strong bullish setups around this level.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.2160. We will then wait for a retrace and for 1.2160 to flip as resistance. Enter on strong bearish setups around this level, first targeting previous lows around 1.2140
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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.
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.