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24.02.202116:21 Forex Analysis & Reviews: Evening review of EUR/USD on February 24, 2021

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.

Exchange Rates 24.02.2021 analysis

USD/JPY (Daily chart)

As we can see, the yen dropped against the US dollar. This decline reflects a flow of investors in the US.

Exchange Rates 24.02.2021 analysis

EUR/USD

At the same time, the euro is still resisting the US dollar rise. However, buyers' pressure is becoming stronger.

Sell positions could be opened from 1.2085.

Buy positions could be initiated after an upward break of 1.2180.

Jozef Kovach
Analytical expert of InstaForex
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