FX.co ★ EUR/USD analysis for December 10 2020 - Potential for the upside continuation towards 1.2170

The report says that the UK and EU are on course to reach a conclusion without a trade deal barring any last-minute intervention. Adding that both sides expressed concern yesterday that it may be impossible to reconcile the differences.

As such, that is leading to a no-deal scenario being the likely outcome but still, both sides are working to spend the coming days in search of a breakthrough.

Further Development

Analyzing the current trading EUR/USD, I found that the EUR completed few days of downside correction and that is continuation on the way.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Ethanol and Lumber today and on the bottom VIX and GBP.

Key levels:

Resistance: 1,2170 and 1,2400

Support level: 1,2060