For Traders

Analytical Reviews

Technical analysis

22.02.202114:31 Forex Analysis & Reviews: EUR/USD analysis for February 22 2021 - Potential for the downside rotation towards 1.2100

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Germany's Merkel reportedly seeks four-stage plan to ease lockdown restrictions

Bild reports on the matter

The report says that German chancellor, Angela Merkel, is seeking a four-stage plan to loosen restrictions though she did not disclose the details in a CDU party meeting today. Adding that a working-level group is expected to work out said details tomorrow.

Just keep an eye out for this in the coming days/weeks with the German lockdown set to continue until 7 March although some restrictions such as those on schools, are to be relaxed for certain regions starting from today.

Further Development

Analyzing the current trading chart of EUR/USD, I found that the buyers got exhausted today and the downside rotation would be probably to correct strong upside movement from earlier this morning.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.