EUR/USD: The Direction of Highest Probability is
Analyst
March 3, 2021 01:21 PM
BEARISH
Daily Trading Range:
EUR/USD:
The Direction of Highest Probability is Bearish on the Weekly chart as the UP Counter Trend Line was broken to the downside. There is no down AutoFibonacci that I can draw however there is a Bearish Crown formation with a target at 1.1691. I am refraining from selling UNTIL I have confirmation that the USDOLLAR is Bullish
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Daily Chart
Daily Support and Resistance
| Resistance 3: | 1.7000 |
| Resistance 2: | 1.5000 |
| Resistance 1: | 1.2000 |
| Current Price | 1.2076 |
| Support 1: | 1.1100 |
| Support 2: | 1.0500 |
| Support 3: | 1.0000 |
Two Hour Chart
