EUR/USD drops to 1.2105 as the dollar keeps firmer

February 12, 2021

The US dollar is firmer across the pond in early European trading and is beginning to run against some critical levels.

The EUR/USD pair is currently close to 1.2100 and approaches a test of its 100-hour moving average @ 1.2103.

Keep over that and the near term bias remains bullish. However, break under – the near term bias turns more neutral. Further support awaits near to the 200-hour MA @ 1.2060.

If sellers can deal with that, it basically resets the positive stance seen this week.

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— 360ForexSignals.com (@petromenea) February 15, 2021

Author: Rose Gor