Wait for a possible buy from 1.19258 towards 1.23400. | 02 March 2021
02 March 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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
