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instaforex logo.svg - Forex Analysis & Reviews: 24.02.2021

Forex Analysis & Reviews: 24.02.2021

Posted on 24th February 202125th February 2021 by admin123


Relevance up to 17:00 UTC+3

Exchange Rates 24.02.2021 analysis

USD/JPY (Daily chart)

As we can see, the yen dropped against the US dollar. This decline reflects a flow of investors in the US.

Exchange Rates 24.02.2021 analysis

EUR/USD

At the same time, the euro is still resisting the US dollar rise. However, buyers’ pressure is becoming stronger.

Sell positions could be opened from 1.2085.

Buy positions could be initiated after an upward break of 1.2180.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Financial markets

Jozef Kovach,
Analytical expert
InstaForex Group © 2007-2021

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