FX.co ★ Outlook on EUR/USD for December 3, 2020

EURUSD: Keep buying from 1.2012.

Purchases from 1.2040 are possible.

As long as the trend continues, before there is a reversal, there will be a strong pullback.

For sales, there is no level closer to 1.1922 yet.

News: US long-term unemployment (people applying for benefits for more than 2 weeks) fell by 500,000, to 5.5 million.

Nevertheless, the euro exhibits growth.

The US Congress is discussing a compromise package of assistance to the economy amounting to $900 billion, which will be accepted by January.