EUR/USD Forecast Jan. 4-8 2021 – Euro Ends Year With Winning Week

EUR/USD Technical analysis

Technical lines from top to bottom:

1.2478 was last tested in resistance in February 2018.

1.2328 is next.

1.2224 has held in resistance since April 2018.

1.2171 is a weak support level.

1.2074 is next.

1.1970 (mentioned last week) since early December.

1.1844 is the final support line for now.

I am neutral on EUR/USD

December was a banner month for the euro, which posted gains of2.45% percent. Will the euro (FXE) continue its ascent this week? The runoff election in Georgia on Tuesday will determine which party controls the US Senate, which could affect the movement of the dollar (UDN, UUP).

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