EUR / USD holding firm around 1.2300

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He EUR/USD maintains the gains achieved yesterday, when it reached new highs since April 2018 in the 1.2310 area. On the last day of the year, the pair has tested a daily high at 1.2309 during the Asian session, and after the European opening it is trading at 1.2296, gaining 0.04% daily.

The strength of the euro continues to be supported by the weakness of the dollar, whose DXY index has fallen this Thursday to new lows of 32 months at 89.51. At time of writing, the greenback is trading at 89.58, losing 0.02% on the day.

The risk appetite continues to be activated in the markets in the last day of 2020. The Brexit agreement signed yesterday in Brussels and ratified in the British Parliament continues to give wings to investors, optimistic also after the implementation of the US stimulus plan and the start of vaccinations against covid in Europe and America.

In the economic calendar, a single piece of information stands out, the weekly unemployment claims in the United States for the week of December 25, which is expected to rise to 833,000 from the previous 803,000.

EUR / USD levels

The first barrier to the upside is at the high of the year, 1.2310. If it manages to break down consistently, the next major resistance will appear in 1.2353, maximum of April 20, 2018, followed by the zone 1.2400, ceiling of April 19, 2018.

On the downside, initial support appears at 1.2285, today’s minimum. Below awaits 1.2200 before starting a decline to 1.2177, the bottom of December 24.


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