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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