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FX.co ★ EUR/USD analysis for March 04, 2022 - Strong downside momentum

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Forex Analysis:::2022-03-04T13:34:50

EUR/USD analysis for March 04, 2022 - Strong downside momentum

Technical analysis:

EUR/USD analysis for March 04, 2022 - Strong downside momentum

EUR/USD has been trading strongly downside, I see potential for the downside continuation with potential for test of 1,0780.

Trading recommendation:

Due to strong momentum and down cycle, I see potential for the downside continuation.

Watch for selling opportunities on the rallies using the intraday time-frames. Watch for continuation al patterns...

Downside objectives are set at the price of 1,0875 and 1,0770

Analyst InstaForex
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