(07 December 2020)EUR/USD Key resistance at 1.2150

Pivot
 (invalidation): 1.2150
Our preference
Short positions below 1.2150 with targets at 1.2110 & 1.2090 in extension.
Alternative scenario
Above 1.2150 look for further upside with 1.2175 & 1.2200 as targets.
Comment
As Long as the resistance at 1.2150 is not surpassed, the risk of the break below 1.2110
remains high.

(By Swissquote TRADING CENTRAL)