EUR/USD trades above 1.2130 as the US dollar is weaker

February 15, 2021

The EUR/USD pair is currently trading above 1.2130. The pair is beginning to look towards the last week’s tops again while GBP/USD is continuing towards 1.40. The US dollar is weaker on the first day of a new trading week.

The EUR/USD is keeping a rebound beyond the 100-day moving average @ 1.1993. However, gains are yet confined around the 50.0 retracement level of the swing move lower in 2021.

Overall, the pair retains the positive stance amid optimism about vaccine and investor’s focus on US stimulus.

The EUR/USD pair is currently trading above 1.2130. The pair is beginning to look towards the last week’s tops again while GBP/USD is continuing towards 1.40. The US dollar is weaker on the first day of a new trading week.https://t.co/Sh0yazvBzR pic.twitter.com/zJiLujg0Zd

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

 

Author: Rose Gor