7:55 AM Β· 3 December 2020

πŸš€ EURUSD surges past 1.21 ❗

There’s no stopping EURUSD bulls after they blew 1.20 levels that was not only psychological one but also a crucial limit of multi-month consolidation. Clearly, this triggered a lot of stops that are at least partly responsible for the move that we are looking at. On the surface one could argue that Biden promising “generous stimulus bill” is one to blame but really, this whole USD weakness is mostly driven by general market euphoria.

This is very clear when we compare the situation to January 2018 when markets were also in euphoric moods, sending stocks higher and USD lower. EURUSD broke out of similar consolidation and – this is a warning for the sellers – surged above 1.25, even if only for a short period of time. Another striking similarity is extreme levels of EUR net speculative positioning that ultimately weighed on the pair, but not until some major gains were made.

31 July 2026, 6:50 PM

Daily Summary: Wall Street Regains Ground; Another Intervention in the Yen Market❓

31 July 2026, 5:38 PM

Three Markets to Watch Next Week (July 31, 2026)

31 July 2026, 12:34 PM

Market Wrap: European equities at 3-week highs! Apple dips in US premarket!

31 July 2026, 9:12 AM

Chart of the Day: EURUSD after the Fed meeting. The market scales back rate hike expectations

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the ComissΓ£o de Valores MobiliΓ‘rios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits