EUR/USD Breakout Extends into 2021- Resistance in View

Euro Technical Value Outlook: EUR/USD Weekly Commerce Ranges

Euro up to date technical commerce ranges & sentiment – Weekly Chart
EUR/USD breakout approaching uptrend resistance
Key resistance into 1.2409 – Bullish invalidation regular at 1.1823/35

Euro surged practically 1% towards the US Dollar into the open of the 2020 with the EUR/USD rally extending greater than 6.4% off the November lows earlier than stalling. The advance takes Euro into uptrend resistance at contemporary multi-year highs and whereas the broader outlook stays constructive, the speedy advance could also be weak right here within the days forward with US Non-Farm Payrolls on faucet tomorrow. These are the up to date targets and invalidation ranges that matter on the EUR/USD weekly worth chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro technical setup and extra.