He EUR / USD has risen above 1.22, reaching the highest level since 2018. A mix of optimism about US fiscal stimulus, next vaccine and hopes for a Brexit deal it is boosting the common currency and weighing on the safe-haven US dollar.
Purchasing manager indices Eurozone PMI exceeded estimates, which also contributed to the optimism.
The next levels to consider are 1.22 and 1.2250. Support awaits at the previous 2020 high of 1.2177, followed by 1.2160, the daily minimum.
See: EUR / USD Forecast: Three Reasons for a Massive Breakout – Important Levels to Watch
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