fxstreet.com 01 Feb, 2021 05:15 am

EUR/USD Facing Resistance Near 1.2160

EUR/USD Facing Resistance Near 1.2160
Key Highlights EUR/USD found support near 1.2060 and corrected higher. It is facing resistance near 1.2160 and 1.2200 on the 4-hours chart.

2059, and settled below the 100 simple moving average (red, 4-hours) and the 200 simple moving average (green, 4-hours).2200 or the 200 simple moving average (green, 4-hours).2160 and a connecting bearish trend line on the same chart.A close above the trend line resistance and 1.

However, the pair seems to be facing a couple of important hurdles, starting with 1.2059 low.

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