The EUR/USD pair is trading around 1.2250 after reaching a fresh 2020 high at 1.2258, poised to extend its advance towards 1.2300 as the greenback keeps falling after mixed US data, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “Mixed US data keep the EUR/USD pair running, as the US has just published encouraging housing data but tepid employment-related figures. Initial Jobless Claims for the week ended December 11 jumped to 885K, worse than anticipated. The December Philadelphia Fed Manufacturing Survey contracted to 11.1 from 26.3. On a positive note, Housing starts were up in November by 1.2%, while Building Permits increased by 6.2%.” “Euro/dollar has an immediate resistance level at 1.2260, with a break above it anticipating additional gains ahead, despite the overbought conditions.” 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 at new all-time highs above 3,720 FX Street 2 years The EUR/USD pair is trading around 1.2250 after reaching a fresh 2020 high at 1.2258, poised to extend its advance towards 1.2300 as the greenback keeps falling after mixed US data, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “Mixed US data keep the EUR/USD pair running, as the US has just published encouraging housing data but tepid employment-related figures. Initial Jobless Claims for the week ended December 11 jumped to 885K, worse than anticipated. The December Philadelphia Fed Manufacturing Survey contracted to 11.1 from 26.3. On a positive note, Housing starts were up in November by 1.2%, while Building… 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.
