EURUSD- 07Mar2022
On the weekly, last week candle gapped down then faced bearish pressure after bouncing back to retest the gap. The price broke below the channel and closed lower than the previous week's candle. We could expect price to face further bearish pressure to 1st Support at 1.07480.
On the H4, EURUSD faced extreme bearish pressure last Friday due to market participants sell EUR as worries about the geo-political could impact on the euro zone economy. With Stochastic indicating room for further downside, we could expect price to drop lower to 1st Support at 1.07485.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, last week candle gapped down then faced bearish pressure after bouncing back to retest the gap. The price broke below the channel and closed lower than the previous week's candle. We could expect price to face further bearish pressure to 1st Support at 1.07480.
On the H4, EURUSD faced extreme bearish pressure last Friday due to market participants sell EUR as worries about the geo-political could impact on the euro zone economy. With Stochastic indicating room for further downside, we could expect price to drop lower to 1st Support at 1.07485.
This is for personal record purposes only, not financial advise or solicitation of trade.