EUR/USD gives up some ground after reaching a fresh 2020 high on Wednesday at 1.2309. The pair is quiet in ultra-thin market conditions as the world celebrates Year-End but the rally is set to continue, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “The US has just released Initial Jobless Claims for the week ended December 25, which came in at 787K against the 833K expected. Wall Street is poised to open with losses, following the lead of its European counterparts. US markets are due to close earlier today, which means activity will likely stall shortly.” “The EUR/USD pair retains its bullish stance. The 4-hour chart shows that it bounced from a bullish 20 SMA, currently providing dynamic support around 1.2260. The longer moving averages maintain their bullish slopes well below the current level, while technical indicators consolidate within positive levels.” See – EUR/USD Price Forecast 2021: Euro-dollar long-term bullish breakout points to 1.2750 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 opens little changed at 3,730 on New Year’s Eve FX Street 1 year EUR/USD gives up some ground after reaching a fresh 2020 high on Wednesday at 1.2309. The pair is quiet in ultra-thin market conditions as the world celebrates Year-End but the rally is set to continue, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “The US has just released Initial Jobless Claims for the week ended December 25, which came in at 787K against the 833K expected. Wall Street is poised to open with losses, following the lead of its European counterparts. US markets are due to close earlier today, which means activity will likely stall shortly.” “The EUR/USD pair… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
