empty
 
 
04.03.2021 03:37 PM
Trading Signal for EUR/USD for March 04 - 05, 2021: Key level 1.2023

This image is no longer relevant

The EUR / USD pair, at the opening of the American session in 1-hour charts, is trading below the 21 SMA and the 200 EMA, under downward pressure, and above the 1/8 Murray support at 1.2023 .

The dollar index (USDX), is with a strong upward trend, in daily charts it is above the SMA of 21, which means that the EUR / USD pair in the medium term could fall to the 1.1840 zone.

This upward movement that we have seen in the euro is considered only corrective, it has the potential to challenge the 1.1962 zone in the short term. In the event of a breakout, a further move may fall to +1/8 Murray at 1.1901, the selling pressure is expected to accelerate and expose 1.1840.

However, if the EUR / USD pair bounces back above the support of 1.2023, we could buy only if it sustains above this level with targets at the SMA of 21 and EMA of 200.

Our recommendation is to sell only if the pair breaks the Murray support zone located at 1.2023, a consolidation below this level will be a good opportunity to sell with targets at 1.1962.

Support And Resistance Levels For March 04 - 05, 2021

Resistance (1) 1.2071

Resistance (2) 1.2101

Resistance (3) 1.2142

Support (1) 1.2001

Support (2) 1.1960

Support (3) 1.1935

**********************************************************

Trading tip for EUR/USD for March 04 - 05, 2021

Buy if rebound at 1.2023 (1/8 of murray and strong support) with take profit at 1.2065 and 1.2112, stop loss below 1.1985.

Sell if pullback at 1.2112 (EMA 200) with take profit at 1.2060 and 1.2020, stop loss above 1.2145.

Sell if breaks 1.2010 (strong support) with take profit at 1.1962 (+1/8 murray), stop loss above 1.2023.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback