- Euro under pressure against the dollar and the euro.
- EUR / USD reverses trend and falls below the lows of the American session on Tuesday.
He EUR / USD hit multi-day highs hours ago, but then reversed the trend, erased the gains and just fell to 1.2114, hitting a new low for the day. The price remains in the area of ​​the minimum before a general recovery of the dollar and with some particular weakness of the euro.
The EUR / GBP break out of the 0.8860 zone, at multi-month lows, added downward pressure to the EUR / USD. If it continues with the route in that direction, the pair will face 1.2100, and then 1.2085 appears, which protects Monday’s lows near 1.2050.
With regard to data, it was known that inflation in the Eurozone contracted 0.3% in December compared to a year ago, and the underlying rose 0.2%. An index of the real estate sector will be published in the US, but there all eyes will be on politics.
In hours Joe Biden will assume the presidency. It is expected that today it will begin to sign legislation on various issues. With regard to the economy, the future Secretary of the Treasury declared yesterday in favor of strong stimulus measures, helping the mood of the markets.
Technical levels
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