Thinking the same, it's been a wild time for anything paired with USD these past couple of weeks.It doesn't look like it will go below 1.2 in the near future.
Caught a nice long on EURUSD today.When can we expect eurusd prices to fall down? any time line ?
Dropped 1.1950 to MA100 on the daily chart. It doesn't look like it will go below.Thinking the same, it's been a wild time for anything paired with USD these past couple of weeks.
Watch out for two critical news today, Thursday 4-Mar-2021:
1) Federal Reserve Chair Jerome Powell speaks at 17:05 and may potentially hint the Fed is ready to act to bring returns down..... EUR/USD will spike upwards.
2) A vote in the upper chamber to approve President Biden's accepted compromised stimulus checks may come as soon as Thursday....EUR/USD will jump too.