Facebook
 
 

01.03.202110:13 Forex Analysis & Reviews: EURUSD holding above ascending trendline support! Bounce Incoming!

Exchange Rates 01.03.2021 analysis

Price holding above ascending trendline support. A short term bounce above 1st support at 1.20622 towards 1st resistance at 1.21082 can be expected. Stochastic testing support where price reacted in the past as well.

Trading Recommendation

Entry: 1.20622

Reason for Entry:

78.6% Fibonacci retracement, ascending trendline support

Take Profit: 1.21082

Reason for Take Profit:

23.6% Fibonacci retracement

Stop Loss: 1.20233

Reason for Stop Loss:

Recent swing low

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Dean Leo,
Especialista em análise
do Grupo InstaForex © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Não pode falar agora?
Faça sua pergunta no chat.