EUR/USD Multi-Timeframe analysis (04/03/2021)

Hi Traders

EUR/USD Multi-Timeframe analysis (04/03/2021)

H1 Chart ( Neutral )

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.

Support & Resistance
N/A

H4 Chart ( Bearish )

A high probability, entry signal to go SHORT was given at 1.20717 after the market found resistance at 1.21137 . Only the upward break of 1.21137 would cancel the bearish scenario.

Support & Resistance
1.20225 1.21121
1.19910 1.21435
1.19196 1.21791

Daily Chart ( Neutral )

Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.

Support & Resistance
1.20527 1.21887
1.19517 1.22421
1.18453 1.23485

Weekly Chart ( Neutral )

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.

Support & Resistance
N/A