EUR/USD Forecast Today
Friday March 4, 2022
[North American Session]

🤔Levels to Watch 🤔
So far, spot is losing 1.29% at 1.0921 and faces the next up barrier at 1.1192 (10-day SMA) followed by 1.1309 (55-day SMA) and finally 1.1395 (weekly high Feb.16) and finally 1.1395 (weekly high Feb.16).

On the other hand, a drop below 1.0924 (2022 low Mar.4) would target 1.0900 (round level) en route to 1.0870 (low May 25 2020).

👉🏛️If the ECB issues a 'Dovish' policy & statement, it is possible that EUR/USD will be further pressured to the area: 1.0789 (lowest level in February 2020)🏛️👈

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