FX.co - EUR/USD analysis for February 12 2021 - Strong downside on the EUR and potential for the test of downside target at 1.2055

2021-02-12T13:04:52

Relevance until2021-02-13

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

EUR/USD analysis for February 12 2021 - Strong downside on the EUR and potential for the test of downside target at 1.2055

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #EURUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ EUR/USD analysis for February 12 2021 - Strong downside on the EUR and potential for the test of downside target at 1.2055

Forex Analysis

EUR/USD analysis for February 12 2021 - Strong downside on the EUR and potential for the test of downside target at 1.2055

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