The EUR / USD started the third day of the week with new rises. The pair rose more than 40 pips in the early hours of the Asian session to rise to 1.2294, its highest price in 32 months, specifically since April 20, 2018. In the last hours, the price has moderated, although it continues in positive territory.
The euro is trading against the dollar at the time of writing on 1.2256, gaining 0.05% daily. The rise in the single currency is supported by the weakness of the dollar, whose DXY index fell at the end of the Asian session to 89.71, a new low since April 2018. In these times, the greenback has recovered part of the ground lost today, although it remains negative, trading at 89.89, losing 0.12% in the day.
He risk appetite it remains activated in the market for several reasons. The first is that just when the US Secretary of the Treasury, Steve Mnuchin, announced yesterday the delivery of the $ 600 of the paycheck to the Americans, the Republican leader in the Senate, Mitch McConnell, presented the bill to extend the amount of these same checks to $ 2,000. The second reason is that, supposedly today, the United Kingdom and the European Union will announce their agreement on the Brexi.
Traders in the pair will be on the lookout today for US Chicago PMI data for December and pending home sales for November. The wholesale inventories and the trade balance of goods for November will also be published.
EUR / USD levels
The immediate upside target is the psychological figure of 1.2300. If it manages to break down consistently, the first major resistance will appear at 1.2353, April 20, 2018 high, followed by the 1.2400 barrier, April 19, 2018 high.
To the downside, initial support remains at 1.2200. Below, there is room to fall to 1.2177, the December 24 bottom, heading towards 1.2129, the December 21 low.
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