On Wednesday, EUR / USD rose to 1.1978 (+ 0.25%). The high of the day was shown at the American session at 1.1987.
The strengthening of the pair supported the growth in demand for risky assets. Investor sentiment for the euro improved after the statement by the head of the European Commission, Ursula von der Leyen, about the acceleration of the vaccination rate.
The major currencies are showing mixed performance on Thursday. The locomotive of growth is the “New Zealander”. The European currency is just getting ready to move into positive territory. At the moment, EUR / USD is quoted at 1.1975. The asset is under pressure from crosses.
The nearest resistance is the 112th degree of the Gann angles at 1.20. Taking into account the fall in Treasury yields, today EUR / USD buyers can renew the local maximum.
At the same time, the wave formation from the minimum of 1.1877 does not very reliably confirm further growth. In addition, the third divergence is drawn on the chart. Of course, divergence in trading is more of a signal to exit a position than to enter in the opposite direction, but long fixing will certainly lower the quote.
At the same time, a quick breakdown of 1.1990 increases the likelihood of testing 1.2030.
The nearest support is located at 1.1952.