The pair rises, but currently remains in a short-term flat trend ahead of Joe Biden’s inauguration and possible new stimulus measures for the US economy. The price may fall if today’s consumer inflation data shows growth.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level. Stoch are in the overbought zone.
EURUSD rate online: monitor the price movement in real time.
Trading idea:
If the price goes below 1.2205, sell the pair with a probable further decline to 1.2140.