Monday, March 1, 2021 8:00 AM EDT
The EUR/USD is bullish and the retracement is almost completed. We could see a move to the upside soon.
We can see 2 POC zones. The first zone is 1.2022-40 and it is supported by W L3 and the trendline. The POC2 is 1.1985-1.2015 and is slightly above the W L4 camarilla pivot. A bounce from any of those 2 zones could happen and the target is 1.2170. As long as the pair is kept above 1.1950 the trend is bullish. A break below and the trend is turning bearish.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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