The EUR/USD pair is trading with modest losses around 1.2140 and risks a corrective decline on a break below 1.2110, Valeria Bednar, Chief Analyst at FXStreet, reports. Key quotes “Speculative interest is struggling with fundamental headlines, mostly related to the ongoing pandemic. News that several countries are starting vaccination are being overshadowed by fresh lockdowns in the US and Europe. Even further, the number of vaccines available is pretty much symbolic.” “The EUR/USD pair is neutral-to-bearish in the near-term, as the 4-hour chart shows that the price is piercing its 20 SMA, while the longer ones maintain their bullish slopes well below the current level. Technical indicators turned south and are entering negative territory, although they are still neutral.” “A break below 1.2110 should favor a bearish extension towards the 1.2000 figure.” 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 US: Industrial Production rises by 0.4% in November vs. 0.3% expected FX Street 2 years The EUR/USD pair is trading with modest losses around 1.2140 and risks a corrective decline on a break below 1.2110, Valeria Bednar, Chief Analyst at FXStreet, reports. Key quotes “Speculative interest is struggling with fundamental headlines, mostly related to the ongoing pandemic. News that several countries are starting vaccination are being overshadowed by fresh lockdowns in the US and Europe. Even further, the number of vaccines available is pretty much symbolic.” “The EUR/USD pair is neutral-to-bearish in the near-term, as the 4-hour chart shows that the price is piercing its 20 SMA, while the longer ones maintain their bullish slopes… 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.
