EUR/USD levels to watch
At the moment, the pair is gaining momentum and a break above 1.1920 (November monthly high) would target he price at 1.1965 (August monthly high). On the other hand, the next support emerges at the psychological mark of 1.1700.
Some resistance is at Wednesday high of 1.1832, which capped EUR/USD on Wednesday. The next lines to watch are 1.1860 and 1.190. Support is at the daily low of 1.1746 followed by 1.170 that held it back in late October.
EUR/USD sticks to the consolidative mood in the lower boundary of the recent range following Monday's Bearish Engulfing in the very near term.
EUR/USD is trading around 1.18, finding its feet. Rising European and US coronavirus cases loom on the currency pair counter the breakthrough in obtaining a vaccine. Speech by ECB head Christine Lagarde is expected.
