FX.co ★ Morning review for EUR/USD on February 9

EUR / USD

Euro is trading upwards, however, there is very strong resistance ahead - at 1.2090-1.2110.

If the euro consolidates above these levels, price will continue to increase. But if not, EUR / USD will start to trade downwards.

Set up long positions from 1.2160 to 1.2110.

COVID-19 is clearly retreating. Global incidence has already dropped significantly, and the largest declines were in US and Europe. This is very positive for the markets.