Touch softer with a firmer USD, as risk appetite remains subdued

EUR in a holding pattern last week, which looks set to extend

ECB's Schnabel - rate hike in current circumstances devastating nL8N2K608M

Economic recovery from changing COVID-19 likely months away nL1N2K21Y3

Charts; neutral momentum studies, 5, 10 & 21 daily moving averages

1.2035/63, lower 21 day Bolli, 38.2% Nov-Jan rise are pivotal support

Close below 1.2050 would be a bearish signal, above 1.2170 21 DMA bullish

London 1.2097 low and NY 1.2156 high initial support and resistance

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