Traders,
Let's analyze EUR/USD across various time frames:
Weekly Chart: We identify three distinct zones, with the nearest around 1.09.
Daily Chart: The closest upper chart rests at 1.08838, while the nearest lower one is at 1.07994.
1-Hour Chart: Our initial entry aligns with the daily pivot and a crucial Murray level.
Additionally, we anticipate:
A potential break of the bearish trend line, signaling further bullish momentum towards the next level.
Keep a close watch on the ECB rate decision on Thursday, March 7th, as it could significantly impact market sentiment.
Our suggested entry zones for long positions are clearly marked on the chart, approximately around 1.0830 and 1.0800.
Remain vigilant and trade wisely.
Best regards,