EUR / USD surpasses 1.1800 and marks highs in a week

• Euro gains momentum on Tuesday and appreciates in the market.
• EUR / USD aims to test the October highs.

He EUR / USD gained momentum in the last hours due to an advance in the stock markets and a strengthening of the euro in the market. The price surpassed 1.1795 and jumped to 1.1817, reaching the highest level since October 9. The pair remains in the zone of the highs with the bullish tone intact.

The euro is rising for the third day in a row, having closed back above the 20-day moving average on Monday. Now the next objective of the EUR / USD seems to be in the highs of this month that is located in the zone of 1.1830.

Between politics, Brexit and coronavirus

In Europe, attention is on the one hand in the second wave of infections by coronavirus, with different views on the new restrictions and possible internal conflicts and what happens with Brexit. It is estimated that today the chief negotiator of the European Union Barnier and his counterpart from the United Kingdom, Frost, will speak again. EUR / GBP is advancing on Tuesday, giving extra support to the EUR / USD.

In EE.UU. The focus of attention Tuesday is on negotiations between Nacy Pelosi, the leader of the opposition in the House of Representatives, and Treasury Secretary Steve Mnuchin for a new round of stimulus. Pelosi indicated that today is the last day to get an agreement that can be approved before the November 3 elections. Although it represents a further advance, the proximity of the elections makes an agreement and its subsequent approval difficult. Thursday will be the second and final debate between President Trump and Democratic candidate Biden.

Regarding data, today will be published the home start report and building permits. In addition, several Federal Reserve officials (Quarles, Evans, Brainard and Bostic) will speak again.

Technical levels