EUR USD Technical Analysis 4 March 2021
EUR USD Technical Analysis: The EUR declined 0.22% against the USD on Wednesday and closed at 1.2062. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2055, which is 0.07% lower from yesterday’s closed.
The pair is expected to find support at 1.2045 and a fall through could take it to the next support level of 1.2030. The pair is expected to find its first resistance at 1.2110, and a rise through could take it to the next resistance level of 1.2140. Today’s expected trading range is between 1.1990 support and 1.2140 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2045
Support 2: 1.2030
Support 3: 1.1990
Important Important resistance levels:
Resistance 1: 1.2110
Resistance 2: 1.2140
Resistance 3: 1.2170
EUR/USD buying opportunity for intraday trading on March 4, 2021
Buy near the support zones 1.2045 and 1.2030 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 4, 2021
Sell near the resistance zones 1.2110 and 1.2140 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).