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Euro rises through 1.20 barrier, hits the highest since Apr 2018

The Euro surged through psychological 1.20 barrier and hit new 2 ½ year high in US trading on Tuesday, completely offsetting negative signal from Monday’s bearish candle with long upper shadow.
Downbeat US manufacturing data deflated dollar and provided additional boost to the single currency, already strongly underpinned by risk appetite on vaccine optimism.
The pair advanced nearly 1% for the day so far, with fresh probe above 1.20 barrier signaling an end of three-month consolidation and continuation of larger uptrend from 1.0635 (23 Mar low).
Close above 1.20 pivot would firm bullish stance for extension towards next key barrier at 1.2096 (Fibo 38.2% of 1.4938/1.0340, 2011/2017 fall).

Res: 1.2050; 1.2096; 1.2107; 1.2167
Sup: 1.2011; 1.2000; 1.1965; 1.1924