EURUSD 30min Analysis February 24th, 2021
Price continues to consolidate around our structure zone, we are waiting for a break in either direction.
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2175. We will then wait for a retrace and for 1.2175 to flip as support. Enter on strong bullish setups around this level.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.2160. We will then wait for a retrace and for 1.2160 to flip as resistance. Enter on strong bearish setups around this level, first targeting previous lows around 1.2140
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2175. We will then wait for a retrace and for 1.2175 to flip as support. Enter on strong bullish setups around this level.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 1.2160. We will then wait for a retrace and for 1.2160 to flip as resistance. Enter on strong bearish setups around this level, first targeting previous lows around 1.2140
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