EURUSD 30min Analysis February 25th, 2021
We had a strong push to the upside during the asian session last night. We are waiting for a slight correction before entering a position.
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our structure zone of 1.2220. We will then wait for price to consolidate and find support. Enter on strong bullish setups off 1.2220, first targeting our key weekly at 1.2256.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our structure zone of 1.2220. We will then wait for a retrace and for 1.2220 to act as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our structure zone of 1.2220. We will then wait for price to consolidate and find support. Enter on strong bullish setups off 1.2220, first targeting our key weekly at 1.2256.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our structure zone of 1.2220. We will then wait for a retrace and for 1.2220 to act as resistance.
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