EUR/USD

The euro bulls lacked momentum yesterday for a push above the 200-SMA as markets have already priced in President Joe Biden’s proposed $1.9 relief package. The bears could take over in the near-term with their backs against the 200-SMA, pushing the pair towards the 50-SMA.

Support: 1.2050 / 1.1950

Resistance: 1.2170 / 1.2215