Euro is trading upwards, however, there is very strong resistance ahead – at 1.2090-1.2110.

If the euro consolidates above these levels, price will continue to increase. But if not, EUR / USD will start to trade downwards.

Set up long positions from 1.2160 to 1.2110.


COVID-19 is clearly retreating. Global incidence has already dropped significantly, and the largest declines were in US and Europe. This is very positive for the markets.

The material has been provided by InstaForex Company –

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