EUR/USD jumps above 1.22 amid growing market optimism

EUR/USD has jumped above 1.22, hitting the highest since 2018. A mix of optimism about US fiscal stimulus, the upcoming vaccine and hopes of a Brexit deal is boosting the common currency and weighing on the safe-haven dollar.

The next levels to watch are 1.22 and 1.2250. Support awaits at the previous 2020 peak of 1.2177, followed by 1.2160, the daily low.