FX.co ★ EUR/USD analysis for December 30 2020 - Breakout of the ascending triangle and potential for the bigger rise towards 1.2365

Comments by UK health secretary, Matt Hancock

We'll see about that. As the vaccines are being rolled out, it is easy for lawmakers to talk things up right now but delivering on those expectations will be another matter.

In fact, the UK government has done a rather poor job on that front throughout the whole crisis so there's that to consider when reading into the remark by Hancock above.

As for the latest on the AstraZeneca/Oxford vaccine, it is also one that requires two doses with the timing from the first to the second dose taking up to 12 weeks.

Further Development

Analyzing the current trading chart of EURUSD, I found that there is the breakout of the ascending triangle on the 4H time-frame, which is sign for the further upside continuation.

Watch for buying opportunities with the upside target at 1,2365. The trend is bullish and the longer time-frame money is bullish.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Platinum and Orange Juice today and on the bottom Ethanol and VIX.

Key Levels:

Resistance:1,2365

Support levels: 1,2270 and 1,2250