EURUSD Intra-day Analysis 4th Feb. 2021

Under Pressure

Our Pivot: 1.2057

Our Preference: Short sell below 1.2021 with strict stop loss of 1.2057 and profit target at 1.1967 with extension towards 1.1935.

Alternate Scenario: Upward penetration of 1.2057 will call 1.2090.

NOTE: Euro is moving in a descending price channel.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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