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FX.co ★ Morning review for EUR/USD on Feb 1, 2021

Morning review for EUR/USD on Feb 1, 2021

Morning review for EUR/USD on Feb 1, 2021

EUR/USD (four-hour time frame):

Today, January's first data of the ISM Manufacturing report in the United States will be released at 15:00 Universal Time.

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Nothing can be said yet. Judging by the chart, the franc and the yen are supporting the US dollar, while on the contrary, the pound sterling is trying to rise against it. The euro, in turn, is stuck in between.

Trading tips:

Buy positions can be considered from the level of 1.2160.

Sell positions can be considered from the level of 1.2055.

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