EUR/USD ANALYSIS 02-03-2021


EUR/USD broke minor uptrend line
price below SMA 200 , SMA 100
MACD shows bearish momentum
RSI reached oversold area

First scenario : if price break key level  around 1.1950 and close below it  on 4h frame ,it will confirm bearish  movement to HVN around 1.1830 then to support level and major uptrend line around 1.1600

Second scenario : if price break resistance level 1 around 1.2220 and close above it on 4h frame ,it will confirm bullish movement to  resistance level 2 around 1.2350 then to supply zone around 1.2500

R3: 1.2500
R2: 1.2350
R1:1.2220 
Pivot: 1.2030
S1: 1.1950
S2: 1.1830
S3: 1.1600