EUR/USD Review, March 1-5, 2021

The currency pair stays above the ascending trend line. EUR/USD failed to break out 1.2144 and stays below this resistance level. There was no important data last week and the fluctuations were driven by the technical analysis. We expect the currency pair to test the ascending trend line this week. The currency pair is likely to test 1.2144 in case if the trend line prevents it from moving lower.