fxstreet.com 16 Feb, 2021 15:30 am

Retreating from a critical resistance level

Retreating from a critical resistance level
The EUR/USD pair hit a one-week high of 1.2169, as an upbeat market’s mood pressured the greenback. Investors are waiting for updates from US Congres

2116 The German ZEW survey indicated an improvement in Economic Sentiment in February.The German ZEW survey showed that Economic Sentiment in the country improved in February to 71.Wall Street is set to open lower after reaching all-time highs in futures trading.Progress in coronavirus immunization added to the positive sentiment, although demand for the American currency returned ahead of Wall Street’s opening.

The EUR/USD pair hit a one-week high of 1.EUR/USD short-term technical outlook The EUR/USD pair retreated from its daily high ahead of the US opening, now trading in the red for the day and nearing the 1.

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