fxstreet.com 11 Feb, 2021 16:45 am

Pressuring weekly highs but lacking momentum

Pressuring weekly highs but lacking momentum
The EUR/USD pair trades at fresh weekly highs but still confined to a tight intraday range amid the absence of a relevant catalyst. The dollar remain

The EUR/USD pair trades at fresh weekly highs but still confined to a tight intraday range amid the absence of a relevant catalyst.EUR/USD short-term technical outlook The EUR/USD pair is trading near its weekly high with a positive stance, although with limited directional momentum.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.

The dollar remains under selling pressure after worse than expected US data.The US just published Initial Jobless Claims for the week ended February 5, which resulted at 793K worse than expected.

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