Saturday, February 27, 2021

EUR/USD again to little modified on the day as greenback push and pull continues

EUR/USD strikes again up because the greenback erases earlier positive aspects on the session

EUR/USD H1 22-02
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The greenback is popping again decrease after a little bit of an advance earlier on, with commodity currencies creeping increased and cable additionally again above 1.4000.

EUR/USD, value is again to little modified round 1.2127 as consumers saved a protection of the 100-hour transferring common (purple line) on the lows round 1.2091 earlier.

Value then pushed again above the 200-hour transferring common (blue line) and that sees consumers set up extra near-term management on the session, although there may be some minor resistance nearer to 1.2136-44 from final Friday’s highs in the interim.

There’s nonetheless some modest resistance round 1.2150 on the day by day chart and that would be the key line within the sand to look at if the greenback is to slide additional to start out the week.

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