FX.co - Morning review for EUR/USD on February 15

15 February 2021 at 7:33AM (UTC+0)

Relevance until16 February 2021 at 7:01AM (UTC+0)

EUR / USD, H4 chart

The opening of the week began with a rise in oil prices - Brent oil reached $ 64. This is positive news for the dollar.

A downward reversal in the euro is possible.

So far, we can keep buying from 1.2060 - but it is possible to turn to short positions from 1.2080.

Thus, a profit of almost half of the standard stop (45 pips) can be obtained.

Important news will be released on Wednesday: US retail sales and the Fed's minutes

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

Analytical expert

Jozef Kovach

FX.co ★ Morning review for EUR/USD on February 15