Weekly trade idea on EUR/USD Week: 25-29.01.2021
Key event: USD. Interest RateThe interest rate at which major financial institutions borrow and lend overnight funds between themselves;
We expect a similar reading to the previous month.
- Resistance 1.2300
- Support 1.2070, 1.2000
Price reacted to 1.2300 key resistance level and it is ranging now between 1.2070 and 1.2300.
Call to Action/Trade IdeaWe will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.
EUR_USD (2)1058×401 19.2 KB