FX.co ★ Evening review of EUR/USD on February 2, 2021

EUR / USD, H4 chart

The breakout of 1.2055 downwards is clearly visible - the lower border of the range from January 18.

The downside signal will become even stronger if the day closes below 1.2055.

You may keep selling from 1.2055, stop at 1.2100. The target is 1.1955.

As the situation develops, the stop may move down.

In case of a complete reversal upward, buy from 1.2160.