GeraldZhuang

EURUSD WEEKLY ANALYSIS 7th FEBRUARY 2021

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FX_IDC:EURUSD   Euro / Dólar Americano
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!
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