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Daily Market Outlook
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| Daily
Market Outlook (25 Feb 2021) |
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| Update
Time: |
25 Feb 2021 01:20GMT |
| Next Update
At: |
08:30GMT |
EUR/USD - 1.2162
Euro's rebound from 1.2110 in New York yesterday after repeated dovish comments by Fed's J. Powell suggests re-test of this week's 1.2180 high would be forthcoming soon, above would extend upmove from Feb's 2-month trough at 1.1953 towards next chart objective at 1.2222, loss of upward momentum should prevent strong gain and risk has increased for a retracement of said rise.
On the downside, below 1.2110 anytime signals top is made, then outlook would turn bearish for weakness to 1.2092, then towards 1.2063.
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