Remarks by UK prime minister, Boris Johnson, in parliament
- Schools will be the first to reopen
- That moment may come some time in mid-February
Johnson is largely trying to manage expectations as the UK sees a national lockdown until 15 February at the very least currently. There is plenty of talk that this could even extend all the way through to Easter, as the virus situation remains rather severe for now.
Further Development
Analyzing the current trading chart of EUR/USD, I found that EUR tested our first upside target at 1,2345 and that is probably heading towards the second target at 1,2420.
My advice is to watch for buying opportunities on the dips with the next target at 1,2420.
Stochastic oscillator is in overbought zone but with the fresh bull cross, which is confirmation for the upside movement.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Live Cattle and Rusell 2000 today and on the bottom Ethanol and Lumber.
Key Levels:
Resistance: 1,2400
Support level: 1,2310
