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EURUSD Neutral

Feb 12, 2021

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EURUSD Neutral by KQMarkets on TradingView.com

Commentary

We have changed our EURUSD view from long to neutral as the currency has consolidate below support at 1.2145.

This is despite continued Dovish comments by the Fed a as the Eurozone economy is impacted by the pandemic and concerns grow surrounding vaccine delays in the Eurozone.

Therefore we await key economic data releases next week including the Q4 GDP growth rate for any significant price action before forming a directional view.

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