Technical Analysis : EUR/USD - 5 March 2021

Technical Analysis : EUR/USD - 5 March 2021

EUR/USD Intraday: the downside prevails.

Pivot: 1.1975

Our preference: short positions below 1.1975 with targets at 1.1900 & 1.1880 in extension.

Alternative scenario: above 1.1975 look for further upside with 1.2000 & 1.2025 as targets.

Comment: the RSI shows downside momentum.