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Saturday, March 06, 2021

🎯 EURUSD: will the market maker remain at a loss on March 8-12?

🎯 EURUSD: will the market maker remain at a loss on March 8-12?

EUR/USD OANDA:EURUSD

πŸ’  Based on new data from CoT reports, the overweight of sellers decreased by 12%, which confirms the strength of the decline over the past week.
At the same time, the total market volume decreased by 1%, which indicates the weakness of the decline last week.
πŸ”₯ Based on the past expiration of quarterly options on Friday, March 5, the main development scenario for the next week is a correctional increase with the nearest target - the level of the market maker's loss (1.1978).
In case of breakdown and consolidation above, the next growth target is the balance of the day (1.2014).
The nearest support is the option level at the price point 1.1896.
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