Morning review of EUR/USD for February 3, 2021

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EUR/USD review:

Market sentiment on the US dollar was changing in the last few days. Currently, the greenback is strengthening.

The US market has approached historic highs once again. Nevertheless, there have been some signs of a slowdown in the growth rate.

Market participants are focused on the US employment data, which is set for release today and in the next two days.

One should consider entering short from the level of 1.2055. In such a case, the Stop Loss is set at 1.2100.

To purchase the instrument, one should enter long from 1.2160. However, the price level will be formed closer to the current price.

The material has been provided by InstaForex Company - www.instaforex.com

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