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Euro bulls eyeing new 2020 highs – EUR/USD Market Outlook – 29/12/2020


The Euro bulls are attempting to break to new 2020 highs after the US House passes $2,000 paycheck, turning down Trump’s veto over defense bill, weighing further on the greenback. Additionally, the upbeat sentiment in the US Equity Futures could keep the US Dollar under pressure. Today, in the presence of thin volume coupled with broad optimism backed by the coronavirus vaccine, can keep the greenback pressured. We will keep buying dips on this pair, targeting above 1.23.

Support: 1.22 / 1.2140
Resistance: 1.2270 / 1.23

SquaredFinancial Daily Market Outlook


Source: https://www.squaredfinancial.com/learn/daily-market-outlook/euro-bulls-eyeing-new-2020-highs-eur-usd-market-outlook-29-12-2020
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