Euro losses momentum versus US dollar, recovers against the pound. EUR/USD backs after testing 2020 highs, remains sideways. The EUR/USD pair pulled back sharply during the last hours amid a really of the US dollar across the board. It is dropped from 1.2176, the highest level in a week to 1.2126. The euro erased most of its daily gains and as of writing it trades at 1.2135, above Friday’s close but far from the top. The DXY trimmed losses and rose back above 90.70 after falling to the lowest since 2018 near 90.30. The recovery of the dollar gained speed amid a reversal in Wall Street. The Dow Jones is still up by 0.48% but off highs while the S&P 500 gains 0.55%. US yields remain higher for the day. The first person in the US received the COVID-19 vaccine. Optimism around the outlook for the pandemic eased on new about lockdowns in London and New York. EUR/USD fails at 1.2170 The euro climbed earlier to test the 2020 highs but after matching the December high at the 1.2175 zone pulled back. The EUR/USD pair continues to consolidate at the top, unable to make a clear break above 1.2170 neither below 1.2070. The main trend points to the upside. The euro needs to break clearly the 1.2170 to open the doors to more gains. Technical levels 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 NY Fed Survey: Year-ahead spending growth expectations rose sharply in November to 3.7% FX Street 2 years Euro losses momentum versus US dollar, recovers against the pound. EUR/USD backs after testing 2020 highs, remains sideways. The EUR/USD pair pulled back sharply during the last hours amid a really of the US dollar across the board. It is dropped from 1.2176, the highest level in a week to 1.2126. The euro erased most of its daily gains and as of writing it trades at 1.2135, above Friday’s close but far from the top. The DXY trimmed losses and rose back above 90.70 after falling to the lowest since 2018 near 90.30. The recovery of the dollar gained speed… 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.
