fxstreet.com 02 Feb, 2021 08:00 am

Bulls trying hard to defend 1.2060-50 support zone

Bulls trying hard to defend 1.2060-50 support zone
A combination of factors prompted some fresh selling around the EUR/USD pair and dragged it to over two-week lows on the first day of a new trading we

Delay in COVID-19 vaccine rollouts, dismal German data weighed on the shared currency.Uncertainty over the rollout of COVID-19 vaccine in Europe was seen as one of the key factors that continued weighing on the shared currency.The risk-on mood capped gains for the safe-haven USD and helped limit losses for the pair.That said, a solid rebound in the equity markets kept a lid on any runaway rally for the safe-haven USD.

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

Read full story at fxstreet.com