fxstreet.com 22 Feb, 2021 06:30 am

Bulls gearing up for another run towards 1.2350

Bulls gearing up for another run towards 1.2350
The EUR/USD pair ends the week where it started, in the 1.2130 price zone, and while it expanded its weekly range, it held within familiar levels. Inv

2130 price zone, and while it expanded its weekly range, it held within familiar levels.21 price zone in the three time-frame under study.Technical indicators continue to lack directional strength but hold within positive levels.The longer-term moving averages continue to lack directional strength.

Speculative interest had little to work with, still waiting for fundamental headlines related to a new stimulus package in the US and progress in the battle against the coronavirus.The financial world seems to have entered a new stage of pandemic fatigue, trapped between concerns related to new strains and delayed vaccines’ deliveries, and hopes for an economic comeback in the second half of the year.

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