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The Euro (EUR) achieved huge gains against the US Dollar (USD) on Tuesday, after the historic agreement between the European Union’s (EU) leaders regarding the EUR 750 million COVID-19 recovery fund.
The EUR gains were enhanced by a decline in USD across the board.
The dollar index (DXY), which measures the performance of the dollar against a basket of major currencies, is down by 0.78% at 95.09.
Meanwhile, the EUR/JPY is up by 0.35%, while the EUR/GBP is stable at 0.90390, up by 0.03% for the day.
EUR/USD is up by 0.84% for the day, trading at 1.15397.
Support Levels: 1.1411 – 1.1375 – 1.1346
Resistance Levels: 1.1476 – 1.1505 – 1.1541
