The EUR/USD pair hovers around 1.2210 ahead of the US opening, retreating from an early high of 1.2250, but the bearish scope is still limited, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “The market is trying to digest the latest news coming from the US, as, on Sunday, US President Donald Trump signed the coronavirus relief and government funding bill. Trading is thin amid the winter holidays in the northern hemisphere and the shortened weeks of Christmas and Year-End. A holiday in the UK has exacerbated range trading.” “The EUR/USD pair has a limited bearish scope according to intraday technical readings. The 4-hour chart shows that an intraday slide met modest buying interest around a flat 20 SMA. The longer moving averages remain below the current level, maintaining their bullish slopes.” “Technical indicators have turned lower but remain within positive levels, reflecting the latest decline instead of suggesting another leg lower.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Hacker walks out with $12 quintillion worth of COVER due to DeFi bug FX Street 2 years The EUR/USD pair hovers around 1.2210 ahead of the US opening, retreating from an early high of 1.2250, but the bearish scope is still limited, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “The market is trying to digest the latest news coming from the US, as, on Sunday, US President Donald Trump signed the coronavirus relief and government funding bill. Trading is thin amid the winter holidays in the northern hemisphere and the shortened weeks of Christmas and Year-End. A holiday in the UK has exacerbated range trading.” “The EUR/USD pair has a limited bearish scope according to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
