EUR/USD is back at 1.0900

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


The EUR/USD rate has declined below the 1.0900 mark, where it appears to have found support in the combination of the weekly simple pivot point, 100-hour simple moving average and the 1.0880/1.0888 range.

A potential recovery of the Euro against the US Dollar is set to face the resistance of the 50-hour simple moving average near 1,0940. Higher above, note the 1.0960/1.0965 range that could act as resistance, before the 1.100 mark and the 1.1008/1.1017 range come into play.

On the other hand, a decline below 1.0880 could result in a drop to the 200-hour simple moving average and the 1.0825/1.0830 range. Below these levels, the 1.0800 is highly likely set to provide support.

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