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Feb 04 - 06:55 AM

EUR/USD - Dragged Under 1.2000 But No Signs Of Panic

By Jeremy Boulton  —  Feb 04 - 04:47 AM
  • EUR/USD drops to 1.1983 EBS. Lowest since Dec 1 2020

  • Slow pace of decline suggests those long are not panicking

  • Strong supports levels now close by nL1N2KA0J6

  • Positive FX trends are weighing EUR nL1N2KA0HY

  • Stimulus hurts EUR and supports EUR/USD nL1N2KA0LY

  • EUR/USD needed a correction, and this one is modest nL1N2KA0NQ


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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