EUR/USD holds gains above 1.2200

While the House of Representatives escalated the bill in favour of a higher relief fund but rejected Trump’s bid, all this has been in the interests of risks in Asia so far, which has pushed the US dollar index down to 90.10, down 0.21%.

Markets are watching the US Senate moves and the US dollar may see a corrective recovery on risk aversion despite lower volumes as pressure continues on the greenback.

The US dollar has formed a short-term symmetrical triangle established on December 17th that limits the immediate movements, currently between 1.2190 and 1.2240