Read more
3:31 PM · 5 February 2021

❗Possible demand signal on the EURUSD

EUR/USD
Forex
-
-

EURUSD pair  bounced off the area marked with ​​the 23.6% Fibonacci retracement of the large upward wave from last March which coincides with the support at 1.20. The rebound was caused by the dollar's weakness after very mixed data from the US labor market. Moreover, market attention is again focused on the US fiscal package. One can see that the current rebound may be very similar to the one that took place last September, just after breaking out of the upward trend channel (similar to current situation). Nevertheless, it is worth paying attention to the seasonality, which still suggests consolidation in the near future. If today's D1 candle will close above the 1.2040 level may then this may generate a bullish engulfing pattern (similar to September).

EURUSD, D1 interval. Source: xStation5
24 November 2025, 6:53 PM

Daily summary: Tech leads Wall Street rally, dollar stable despite dovish Fed (21.11.2025)

21 November 2025, 3:02 PM

BREAKING: UoM report suggests a decline in inflation expectations 📌

21 November 2025, 2:47 PM

BREAKING: US PMI beats expectations slightly; EURUSD with no reaction 📌

21 November 2025, 10:12 AM

Chart of the day: USDJPY (21.11.2025)

Join over 2 000 000 XTB Group Clients from around the world

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