empty
 
 

02.03.202111:29 Forex Analysis & Reviews: EURUSD facing bullish pressure, potential for further upside

Exchange Rates 02.03.2021 analysis

Price is facing bullish pressure from 1st support at 1.20146, in line with 161.8% fibonacci extension and horizontal swing low support. Prices could bounce to 1st resistance at 1.20927 where it coincides with the horizontal swing high resistance as well as 61.8% fibonacci extension. Prices have also break above the descending trendline and did a retest, predicting a further bounce up. However, if prices break below the descending trendline and 1st support, prices could fall to 2nd support which coincides with 127.2% fibonacci retracement and-27.2% fibonacci retracement.

Trading Recommendation

Entry: 1.20162

Reason for Entry:

Horizontal swing low support, 161.8% fibonacci extension

Take Profit: 1.20927

Reason for Take Profit:

Horizontal swing high resistance, 61.8% fibonacci extension

Stop Loss: 1.19644

Reason for Stop Loss:

127.2% fibonacci retracement, -27.2% fibonacci retracement

*Analiza de piață publicată aici este menită să vă sporească conștientizarea, nu pentru a oferi instrucțiuni pentru a efectua un schimb.

Beneficiați de recomandările analiștilor chiar acum
Cont de tranzacționare top-up
Deschideți un cont de tranzacționare

Recenziile analitice InstaForex vă vor face pe deplin conștient de tendințele pieței! Fiind client InstaForex, vi se oferă un număr mare de servicii gratuite pentru tranzacționare eficientă.

Afișează mai multe
Nu puteti sa vorbiti acum?
Puneti intrebare in chat.