EUR/USD remains near 1.0900

Source: Dukascopy Bank SA


Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark.

A resumption of the previous decline would have to pass below the 50-hour SMA and the 1.0900 mark. Further below, the rate could look for support in the 200-hour simple moving average near 1.0860 and the 1.0850 mark, before the rate reaches the weekly simple pivot point at 1.0831 and the 1.0825/1.0830 range.

On the other hand, the pair has to pass the 100-hour SMA near 1.0920, prior to a recovery to the 1.0950/1.0965 range. Higher above, take into account the combination of the 1.1000 mark and the weekly R1 simple pivot point.
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