A vaccine for COVID-19 developed by Pfizer and BioNTech is very effective, preventing 90% of infections according to the strong phase 3 trial in 43,500 people. The encouraging news has made Stock markets rise and the safe-haven US dollar moves sharply lower.
The EUR / USD has reached a high of 1.1899, just below the 1.19 round level and the highest level since mid-September.. Above this peak, the next level to highlight is 1.1920, followed by 1.1965 Y 1.2010. All were highs during August. The most popular currency pair in the world is limited by an uptrend support line that has accompanied it since mid-October.
Support awaits at the daily low of 1.1860, followed by 1.1845, 1.1795 Y 1.1775.
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Credits: Forex Street
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