FX.co ★ EUR/USD hot forecast , 30 December 2020

• EUR/USD gained traction for the third consecutive session on Wednesday amid weaker USD.
• The prevalent upbeat market mood continued weighing heavily on the safe-haven greenback.

EUR/USD reclaims the 1.2300 mark for the first time since April 2018. The US Congress further delayed a decision on stimulus, although $600 checks will start going out this week

The EUR/USD pair shot to fresh 32-month tops during the early session, with bulls looking to build on the momentum further beyond the 1.2300 mark. The pair built on the previous day's bullish breakout momentum through a short-term descending trend-line resistance and gained some follow-through traction on Wednesday. The uptick marked the third consecutive day of a positive move and was exclusively sponsored by sustained US dollar selling bias.

Having successfully crossed the monthly high, highest since April 2018, EUR/USD bulls are up for challenging the 32-month peak surrounding 1.2415. However, the 1.2300 round-figure may offer an intermediate halt during the surge. Meanwhile, the pair's pullback moves below the previous high of the month, 1.2270