FX.co ★ Morning review of the EUR/USD pair (05/07/2021)

The bears' attempt to turn the euro down failed. Obviously, the buying pressure was much stronger in the market, especially since the Fed maintained a super-soft monetary policy.

Considering this, it is ideal to open long positions from 1.2075 with stop loss at 1.2020.

But if the euro hits a price higher than 1.2100, change stop loss into 1.2045.

Gold also soared above $1,800 because of the news.