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Commentary
We have changed our EURUSD view from short to neutral as await the FED press conference later today. The 20 day MA is challenging the 50 day MA but we would want to see prices rise above resistance at 1.214 before potentially determining that the currency pair's downtrend so far this year will continue. Additionally, Biden is expected to propose a $1.8 trillion stimulus package which is likely to put further downward pressure on the US dollar .