GeraldZhuang

EURUSD WEEKLY ANALYSIS 7th FEBRUARY 2021

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
Hello everyone…

While we could see additional weakness following a daily close below 1.2000, it does not mean the bullish momentum is gone

On Friday the EUR/USD forex market reversed up strongly overnight from below, and a bull bar closing on its high on the 4H chart.

The EURUSD could potentially head toward 1.23+ in the next couple of months or so.

Always use a stop loss to protect your equity and trading with your own risk.

Good luck!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.