(DAILY NOTION) EUR/USD Edged Higher for the Second Consecutive Session, Next Mover: U.S. Stimulus & Brexit

EUR/USD is currently settle around the 1.2200 level. As for today, there is no any important economic reports released, the U.S. stimulus and Brexit will be the major topics for forex market traders.

EUR/USD is trying to get above the nearest resistance level of 1.2220 and will move to the next test of the resistance level at 1.2220 if EUR/USD successful settle above the 1.2220 level. RSI indicator is at the moderate territory and still has room for EUR/USD to gain upwards. EUR/USD will move towards the the resistance level of December high at 1.2280 if settle above the next resistance level at 1.2250. On the other hand, EUR/USD will head towards the next support level at 1.2155 if declines below its nearest support level at 1.2175.

FOLLOWME EUR/USD Overall Sentiment (As of 05:00 p.m, Dec 24, 2020),

Short - 59.41%

Long - 40.59%