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.
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