The EUR/USD opened with the gap on the upside after the US government shutdown has been triggered at midnight January 19. The EUR/USD was trading as high as $1.2274 overnight, but managed to close the gap retreating to $1.2215 and it is currently trading up 0.25% at around $1.2250 against the US Dollar. The US government shutdown is set to weigh on the US Dollar, but the Euro was supported also by news of German Social Democrats (SPD) voting in favor of coalition talks with Angela Merkel's CDU/CSU. The pair started the day with a positive tone but was unable to surpass the 1.2280 resistance area, presenting now a short-term neutral stance, as in the 4 hours chart, the price is holding above a directionless 20 SMA, while technical indicators are easing within positive territory, now nearing their mid-lines. The 1.2200 level is the immediate support ahead of last week's low of 1.2164, while above 1.2280, the risk will turn toward the upside, exposing then, the multi-year high of 1.2322. Support levels: 1.2200 1.2165 1.2110. Resistance levels: 1.2280 1.2320 1.235