empty
 
 
12.02.2021 03:04 PM
EUR/USD analysis for February 12 2021 - Strong downside on the EUR and potential for the test of downside target at 1.2055
Japan health minister says aim to give official approval to Pfizer vaccine as early as Sunday

But confirms that the government panel of experts has already given consent to approve the Pfizer vaccine today

This fits with the story reported by NHK earlier here, which is not much of a surprise considering recent developments and the vaccine narrative in Japan.

The government has said that they are planning to begin the vaccine rollout some time this month - as early as mid-February potentially - so this keeps with that "promi

Further Development

This image is no longer relevant

Analyzing the current trading chart of EUR/USD, I found that sellers are in control and that there is the downside pressure.

Key Levels:

Resistance: 1,2150

Support levels: 1,2055,1,1955

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback