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US stimulus optimism keeps pushing the Euro to new 2020 highs – EUR/USD Market Outlook – 18/12/2020

SquaredFinancial

The Euro bulls keep ignoring Germany’s recent decision to impose the economically-painful coronavirus lockdown, as the pair keeps breaking to new 2020 highs amid US fiscal stimulus optimism. Today, we remain with our ‘buy the dips’ strategy as we anticipate an above-forecast German IFO Expectations Index which will probably keep pushing the single currency higher towards 1.23.

Support: 1.2240 / 1.2180
Resistance: 1.2270/ 1.23

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-stimulus-optimism-keeps-pushing-the-euro-to-new-2020-highs-eur-usd-market-outlook-18-12-2020
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