An initially unexpected even has occurred on the EUR/USD currency pair’s charts. The Euro has broken various resistance levels against the US Dollar.
Namely, the currency exchange rate moved past the previously drawn short term and medium term pattern resistance lines near the 1.1980 mark. Moreover, the currency rate did not stop there.
In the following hours and as the new year started the currency pair just extended the gains to the upside. On Tuesday morning the currency rate was already located at the 1.2050 mark.
Moreover, the closest resistance was near the 1.21 level.
