FX.co - EUR/USD analysis for March 04, 2022

2022-03-04T13:34:50

Relevance until2022-03-05

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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