Technical Analysis : EUR/USD - 2 February 2021

Technical Analysis : EUR/USD - 2 February 2021

EUR/USD Intraday: caution.

Our preference: short positions below 1.2060 with targets at 1.2025 & 1.2010 in extension.

Alternative scenario: above 1.2060 look for further upside with 1.2085 & 1.2105 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2060.