fxstreet.com 10 Feb, 2021 11:00 am

Three reasons to suspect a correction is coming

Three reasons to suspect a correction is coming
EUR/USD has been rising thanks to dollar weakness, but the Fed's Powell may change that. Furthermore, Europe's depressing covid situation may return t

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.Key quotes “Jerome Powell, Chairman of the Federal Reserve, is set to deliver a speech on the labor market later in the day.Furthermore, Europe's depressing covid situation may return to weighing on the euro while Wednesday's 4-hour chart is pointing to overbought conditions, FXStreet’s Analyst Yohay Elam reports.

” “The EU aims to vaccinate 70% of adults through the summer – a goal that looks elusive with every day that passes and immunization figures only slowly climb.You should do your own thorough research before making any investment decisions.

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