The American dollar catches a bid ahead of Wall Street’s opening, pushing EUR/USD sub-1.2100 after the pair rose to 1.2157 earlier in the day. EUR/USD is neutral-to-bearish in the near-term and sees critical support at 1.2060, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The EU published the final versions of its December inflation, which was confirmed at -0.3% YoY.” “Investors are now waiting for Joe Biden’s inauguration, and the executive orders he announced for his first day in the office. He plans to revert some of Trump’s measures, although the only reference to fiscal policy was made by Janet Yellen. Decisions on taxes or international trade may impact financial markets. Also, political turmoil could introduce some noise.” “Technical indicators turned south, the Momentum holding within positive levels but the RSI already at 45, skewing the risk to the downside. A steeper decline could be expected on a break below 1.2060, the 38.2% retracement of the November/January rally.” 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 Ethereum cools off as miners book profits en masse, prices still look primed to rebound FX Street 2 years The American dollar catches a bid ahead of Wall Street’s opening, pushing EUR/USD sub-1.2100 after the pair rose to 1.2157 earlier in the day. EUR/USD is neutral-to-bearish in the near-term and sees critical support at 1.2060, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The EU published the final versions of its December inflation, which was confirmed at -0.3% YoY.” “Investors are now waiting for Joe Biden’s inauguration, and the executive orders he announced for his first day in the office. He plans to revert some of Trump’s measures, although the only reference to fiscal policy was made by… 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.
