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Wait for a possible buy from 1.19258 towards 1.23400.

Wait for a possible buy from 1.19258 towards 1.23400. | 02 March 2021

02 March 2021, EUR/USD

Wait for a possible buy from 1.19258 towards 1.23400.

Technical Observation

Eurusd is currently below a supportive trendine. If the price can break close below this level, then I will be expecting further momentum to the lowerside but should not go beyond 1.19258. A break and close below this level will mean we are continuing to the lowerside with the next ideal target set at 1.16500. A break below this level may culminate into a surge much lower with the next ideal target set at 1.08840. A rebound from 1.19258 will give us a good place to consider a possible buy position.

Trade Recommendations:

Wait for a possible buy from 1.19258 towards 1.23400.

Imelda Maseno
Analyst of «FreshForex» company
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