02 Marzo 2021, EUR/USD
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.