EURUSD- 03Mar2022
On the daily, price dropped to a lower low before bouncing back to close higher and forming a bottoming tail.
On the H4, price has dropped below previous lows of 1.1100 area. As RSI is indicating negative bullish divergence, price could potentially have a short-term bounce for EURUSD soon. However, price is expected to face strong bearish pressure at 1st Resistance at 1.1160.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price dropped to a lower low before bouncing back to close higher and forming a bottoming tail.
On the H4, price has dropped below previous lows of 1.1100 area. As RSI is indicating negative bullish divergence, price could potentially have a short-term bounce for EURUSD soon. However, price is expected to face strong bearish pressure at 1st Resistance at 1.1160.
This is for personal record purposes only, not financial advise or solicitation of trade.