EUR/USD looks to regain further traction beyond 1.2100. The surpass of 1.2200 should expose the 2021 peaks. EUR/USD advances for the second consecutive session and extends the rebound above the 1.2100 yardstick on Friday. Immediately to the upside aligns the key resistance zone around 1.2180/90, where converges the 21-day SMA, a Fibo retracement of the November-January rally and weekly highs. A surpass of this region on a sustainable fashion is needed to allow for a move to the 2021 tops near 1.2350 (January 6). On the broader picture, the constructive stance in EUR/USD remains unchanged while above the critical 200-day SMA, today at 1.1658. Looking at the monthly chart, the (solid) breakout of the 2008-2020 line is a big bullish event and should underpin the continuation of the current trend in the longer run. EUR/USD daily chart 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 Index opens deep in the negative territory FX Street 1 year EUR/USD looks to regain further traction beyond 1.2100. The surpass of 1.2200 should expose the 2021 peaks. EUR/USD advances for the second consecutive session and extends the rebound above the 1.2100 yardstick on Friday. Immediately to the upside aligns the key resistance zone around 1.2180/90, where converges the 21-day SMA, a Fibo retracement of the November-January rally and weekly highs. A surpass of this region on a sustainable fashion is needed to allow for a move to the 2021 tops near 1.2350 (January 6). On the broader picture, the constructive stance in EUR/USD remains unchanged while above the critical 200-day… 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.
