EURUSD 30min Analysis March 2nd, 2021

Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2040. We will then wait for a retrace and for 1.204 to act as support. Enter on strong bullish setups, first targeting 1.2070.

Trade Scenario 2: Bearish - For us to go short we want to see price reject off 1.2030. We will then enter on strong bearish setups, first targeting previous lows around 1.1990.