Technical Analysis : EUR/USD - 5 February 2021

Technical Analysis : EUR/USD - 5 February 2021

EUR/USD Intraday: intraday support around 1.1950.

Our preference: long positions above 1.1950 with targets at 1.2000 & 1.2020 in extension.

Alternative scenario: below 1.1950 look for further downside with 1.1940 & 1.1920 as targets.

Comment: the RSI shows upside momentum.