EURUSD 30min Analysis February 23rd, 2021
After a strong push to the upside in yesterdays session price is currently rejecting off our key supply zone.
Trade Scenario 1: Bearish - For us to go short we want to see price reject off our supply zone of 1.2160 once again. We will look to enter short on strong bearish setups off this zone. First targeting our key weekly at 1.2120
Trade Scenario 2: Bullish - For us to go long we want to see price push past our supply zone and above 1.2170 with conviction. We will then wait for a retrace and for 1.2170 to flip as support.
Trade Scenario 1: Bearish - For us to go short we want to see price reject off our supply zone of 1.2160 once again. We will look to enter short on strong bearish setups off this zone. First targeting our key weekly at 1.2120
Trade Scenario 2: Bullish - For us to go long we want to see price push past our supply zone and above 1.2170 with conviction. We will then wait for a retrace and for 1.2170 to flip as support.
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