The EUR/USD confirms the break – Analysis – 02/03/2021

news_22_feb_4_euro_usdThe EURUSD pair confirmed breaking 1.2064 after retesting it and closing the daily candlestick below it, which reinforce the continuation of the expected bearish trend scenario efficiently for the upcoming sessions, and the way is open to visit 1.1976 that represents our next target, noting that breaking this level will extend the bearish wave to reach 1.1888 as a next station.

The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1.2064 and 1.2100 levels.

The expected trading range for today is between 1.1940 support and 1.2080 resistance.

The expected trend for today: Bearish

Origin: Economies

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