- EUR / USD correction finds support around 1.2000.
- The resumption of the uptrend points to the 1.2100 level.
EUR / USD pulls back further after climbing to the 1.2080 region earlier in the week.
The current pullback is considered temporary. The bullish resumption should point to recent highs near 1.2080 ahead of the 1.2100 level.
A convincing break above the latter should expose February highs around 1.2240 before 2021 peaks at the 1.2350 zone.
Above the 200-day SMA today at 1.1913, the outlook for EUR / USD is expected to remain positive.
EUR / USD day chart
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