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Euro bulls are back! – EUR/USD Market Outlook – 19/02/2021

SquaredFinancial

Euro bulls looking to extend gains above 1.21 after Treasury Secretary Yellen’s call for bigger spending/stimulus which may weigh down on the USD moving forward. However, the single currency bulls are still not out of the water yet, as they need to clear above 1.2170 first, before we confirm further bullish domination.

Support: 1.2023 / 1.1955
Resistance: 1.21 / 1.2170

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/euro-bulls-are-back-eur-usd-market-outlook-19-02-2021
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