EUR/USD Multi-Timeframe analysis (04/03/2021) **UPDATE**

Hi Traders

EUR/USD Multi-Timeframe analysis (04/03/2021) **UPDATE**

H1 Chart ( Neutral )

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.

Support & Resistance
N/A

H4 Chart ( Bearish )

Target 1 at 1.19196 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.20717 . Provided the market conditions will remain the same Target 2 will be reached soon.

Support & Resistance
1.20225 1.21121
1.19910 1.21435
1.19196 1.21791

Daily Chart ( Neutral )

Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.

Support & Resistance
1.20527 1.21887
1.19517 1.22421
1.18453 1.23485

Weekly Chart ( Neutral )

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.

Support & Resistance
N/A