Yesterday and today, major markets are closed, so it’s difficult to see clear direction at the moment. Volumeless thin trade will continue until the new year.
Price could not break the 1.17100 support. And this makes the EURO bulls much more eager. As seen on the chart, EURUSD is moving on a rising trend line. 1.1953 is the mid-term resistance. Above 1.19530, 1.20900 is the main resistance.
1.21000 – 1.22500 zone stands as a supply zone. Yield spreads will be the determining factor in this zone.