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11.02.202109:25 Forex Analysis & Reviews: Trading plan for EUR/USD on February 11

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Exchange Rates 11.02.2021 analysis
Global incidence continues to decrease, thereby confirming the idea that the second pandemic wave is ending. In fact, the number of new cases in both US and Europe has decreased significantly, dropping to much lower figures than the recorded peaks.

As for vaccination, its pace has started to speed up, albeit little by little.

Exchange Rates 11.02.2021 analysis

EUR/USD: euro met resistance around 1.2150.

Open long positions from 1.2160.

Open short positions from 1.2060 to 1.2010.

Jozef Kovach
Analytical expert of InstaForex
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