The EUR/USD resumes the rise – Analysis – 22/02/2021

news_22_feb_dollar_usdThe EURUSD pair settles above the EMA50 after the rise that it witnessed in the previous sessions, to support the continuation of the bullish trend, which targets 1.2173 initially, reminding you that breaching this level will push the price to 1.2300 as a next station.

The price might witness some sideways fluctuations affected by stochastic negativity before resuming the positive attempts, taking into consideration that the continuation of the bullish wave requires holding above 1.2064.

The expected trading range for today is between 1.2060 support and 1.2210 resistance.

The expected trend for today: Bullish

Origin: Economies

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