Wed, 25 Sep 2024 14:21:17 GMT
EUR/USD breaks 1.1200 mark
The recovery of the EUR/USD rate has managed to break the resistance of the 1.1200 mark. However, the weekly R1 simple pivot point has provided enough resistance for a retracement back down to occur.
A broader decline of the Euro against the US Dollar is set to result in the rate looking for support in the 1.1180 and 1.1160 level,