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EUR USD Technical Analysis 2 March 2021

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EUR USD Technical Analysis March 2, 2021

EUR USD Technical Analysis: The EUR declined 0.18% against the USD on Monday and closed at 1.2048. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2005, which is 0.37% lower from yesterday’s closed.

The pair is expected to find support at 1.2000 and a fall through could take it to the next support level of 1.1950. The pair is expected to find its first resistance at 1.2060, and a rise through could take it to the next resistance level of 1.2090. Today’s expected trading range is between 1.1950 support and 1.2060 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2000
Support 2: 1.1985
Support 3: 1.1950

Important Important resistance levels:

Resistance 1: 1.2060
Resistance 2: 1.2090
Resistance 3: 1.2100

EUR/USD buying opportunity for intraday trading on March 2, 2021

Buy near the support zones 1.2000 and 1.1950 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.

EUR/USD selling opportunity for intraday trading on March 2, 2021

Sell near the resistance zones 1.2060 and 1.2090 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.

Economic events to watch for the next 24 hours: Core CPI m/m (EUR), GDP m/m (CAD), GDP q/q (CAD).

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