EUR/USD reaches above 1.0800

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The pair has managed to break above the resistance zone that is located at the 1.0800 mark. The rate appears to be continuing its surge.

The ongoing surge could eventually reach the 1.0900 mark. However, it is set to face resistance zones near 1.0860, 1.0885 and just below the 1.0900 mark.

On the other hand, a decline of the pair is expected to look for support in the 1.0800 level, the 50, 100 and 200-hour simple moving averages and the 1.0720/1.0740 range. Further below, note the 1.0700 mark.
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