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EUR/USD Signal - EUR EuroGroup Meeting - 18 Jan 2021

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Average: 5 (2 votes)

EURUSD has sold into a key support level prior to the Euro Group Meeting. The Meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. Technically the pair is holding above the 1.2060 level, and has formed a descending wedge as it approaches support. We anticipate upside into the 1.2205 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.