EURUSD, is the uptrend over?

Morning under par for the main markets of the Old Continent while the sentiment of operators continues to be penalized by the spread of the pandemic, by the uncertainty around Brexit and by the tensions between Washington and Beijing.

The FTSE MIB leaves 0.6% on the ground in the area of ​​21,969 points. London's FTSE 100 is down by 0.4%, Madrid's Ibex 35 by 0.4%, the CAC 40 loses 0.2% and the Frankfurt’s DAX 30 is down by 0.2%.

The rise in coronavirus cases, especially in the United States, has attracted the attention of operators who in the meantime look to the latest developments on an agreement for a new fiscal stimulus package.

Although negotiations resumed last week, a postponement of the deadline set for Friday for the approval of a bill seems likely, given the difficulty of Republicans and Democrats in finding an agreement.

Sentiment also remains undermined by tensions between the United States and China, after Washington yesterday announced sanctions against 14 Chinese officials for their alleged role in Beijing's disqualification of opposition-elected political representatives in Hong Kong.

Regarding the 'Brexit' theme, the British Prime Minister, Boris Johnson, and the President of the European Commission, Ursula Von Der Leyen, ended their telephone contact with a stalemate, increasing expectations for a face-to-face in the Next days in Brussels.

Today's macro agenda the December ZEW index on the confidence of German institutional investors stood at 55 points, largely beating analysts' estimates (46 points) after the 39 points in November.

In the currency market, the EUR/USD moves around 1.2120 while the remains in the 104.07 area after Japanese Prime Minister Yoshihide Suga announced new 380 billion dollar fiscal measures to support the recovery of the economy.