Read more
XTB Online Trading

EURUSD bounces off the support at 1.20

6:25 PM 2 March 2021

The main currency pair started today's session lower, however the second half of the day belongs to the market bulls and there is a chance for EURUSD to generate a demand signal on the D1 interval. Looking at the chart from a technical point of view, price bounced off the horizontal support level at 1.20. If the daily candle closes at the current level or higher - then a bullish hammer formation will appear on the chart. If the upward move will continue in the following days, the next  target for the market bulls is located at 1.2180.

EURUSD, interval D1. Source: xStation5
Share:
Back

Market News

09.05.2025
16:31

Mixed sentiments on Wall Street 🗽Tesla gains 6% despite weak sales data

Wall Street slips slightly during Friday’s session; the US30 pulls back by 0.3% Tesla shares rise over 6% on hopes for positive signals from...

 16:15

Three markets to watch next week (09.05.2025)

Following the first high-stake trade negotiations between China and the US, market attention will once again focus predominantly on developments between...

 13:31

BREAKING: Canadian NFP report slightly higher than expected; unemployment rises 🚩

Canadian Employment Change: 7.4k (Forecast 5k, Previous -32.6k) Canadian Unemployment Rate: 6.9% vs 6.8% exp. and 6.7% previously Canadian...
More news

Join over 1 400 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits