The EUR/USD pair recovered on a better market’s mood, hitting a daily high of 1.2137 and trading nearby ahead of Wall Street’s opening. Bulls will have better chances above the 1.2170 mark, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “There are no fireworks across financial markets, as investors await for Janet Yellen. The former Federal Reserve’s head has been nominated as Treasury Secretary by Joe Biden and will speak before the Senate Finance Committee.” “Data coming from Europe was generally encouraging, although still reflecting the effects of the pandemic in economic progress. German inflation was confirmed at -0.3% YoY in December, while the ZEW Survey showed that the Economic Sentiment improved to 61.8 in January from 55 in the previous month. The index for the EU came in at 58.3, improving from 54.4.” “The EUR/USD pair has recovered from around the 38.2% retracement of its November/January rally at 1.2062 but remains below the next Fibonacci level at 1.2170. Bulls will likely retake control on a break above this last.” 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 EUR/JPY stays bid near 126.20, weekly tops FX Street 2 years The EUR/USD pair recovered on a better market’s mood, hitting a daily high of 1.2137 and trading nearby ahead of Wall Street’s opening. Bulls will have better chances above the 1.2170 mark, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “There are no fireworks across financial markets, as investors await for Janet Yellen. The former Federal Reserve’s head has been nominated as Treasury Secretary by Joe Biden and will speak before the Senate Finance Committee.” “Data coming from Europe was generally encouraging, although still reflecting the effects of the pandemic in economic progress. German inflation was confirmed at -0.3%… 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.
