fxstreet.com 01 Feb, 2021 11:15 am

Extra consolidation looks likely

Extra consolidation looks likely
The single currency starts the week on the defensive vs. the greenback following two consecutive sessions with gains. The current downtick in EUR/USD,

Decent support lines up in the 2021 lows around 1.On the opposite side, the 2021 lows near 1.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.

EUR/USD extends the rangebound trading above 1.Indeed, the progress of the coronavirus pandemic along with the vaccine rollout and the upcoming debate on the stimulus package by US policymakers (due later in the week) are seen the main drivers of the pair’s price action at least in the short-term horizon.

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