fxstreet.com 04 Feb, 2021 08:30 am

Euro set to break 1.20 on Biden's stimulus strive, levels to watch

Euro set to break 1.20 on Biden's stimulus strive, levels to watch
It seems like a matter of when, rather than a matter of if – EUR/USD is on the verge of breaking below 1.20, thus sending it to the lowest in two mont

Weekly jobless claims are also forecast to show improvement.See Initial Jobless Claims Preview: Do rising claims augur job losses in January?Both beat estimates and raise expectations for Friday's Nonfarm Payrolls.20 level serves as critical support, and bears may breach it shortly.

1960, which provided some support in early December 2020.Looking up, the former support line of 1.

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