Euro Outlook: EUR/USD, EUR/GBP Levels to Watch 2020-12-24 12:00:00 Justin McQueen, Analyst
EUR/GBP | 200DMA Breached, November Lows in Focus Advertisement
Aside from the Pound, G10 FX has been unsurprisingly muted as markets wind down for the Christmas period. All eyes remain on an official announcement of a Brexit deal, which is within the next few hours. In light of the risk-on catalyst, safe-haven currencies (JPY, CHF) are on the backfoot against high-beta FX. G10 FX Intra-day Performance
EUR/USD | Narrow Range Maintained
The pair continues to hover around the 1.22 mark with recent gains underpinned by the wave of Brexit optimism. However, an offsetting factor for a push higher in the Euro is likely due to the pullback in EUR/GBP which has hit fresh 3-week lows. Topside challenges remain at the high 1.22s, while key support is situated at 1.2120-30. That said, EUR/USD is expected to r