EurUsd- Bearish under 1.2

15 Mar 2021

Last week EurUsd corrected the hard drop from 2 weeks ago and the single currency managed to recover shy under 1.2 important resistance.
I believe a new leg down will follow for EurUsd and at least a revisit of 1.18 is probable
Gains should be well capped under 1.2 and rallies against this resistance should be sold.
Only a daily close above 1.2 would change my bearish outlook