For some context, the resolution here would clear the path for Biden's stimulus plan to pass if there is only a simple majority instead of going with the 60-vote threshold for most legislation to be passed in the chamber.
That said, there are some caveats as the bill will have to keep below $1.9 trillion in any case and not include non-fiscal provisions or otherwise the filibuster comes into play.
Further Development
Analyzing the current trading chart of EUR/USD, I found that the buyers got exhausted today and the downside continuation is very likely to happen.
Price reached upper Bollinger band, which is another sign of overbought condition...
Key Levels:
Resistance: 1,2000
Support levels: 1,1970 and 1,1953.
