fxstreet.com 03 Feb, 2021 11:15 am

Next relevant target for bears is pegged near 1.1930 area

Next relevant target for bears is pegged near 1.1930 area
The EUR/USD pair struggled to capitalize on its early uptick to the 1.2100 neighbourhood, instead met with some fresh supply and dropped to two-month

Short-term technical outlook From a technical perspective, the overnight break through the 1.This, in turn, was seen as another factor that exerted some additional downward pressure on the major.The risk-on flow was seen as the only factor that kept a lid on any further gains for the greenback and assisted the pair to find some support ahead of the key 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.Market participants now look forward to the release of the final Eurozone Services PMI prints for a fresh impetus.

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