Tue, 01 Feb 2022 13:05:09 GMT
EUR/USD recovers on Tuesday
During Tuesday's trading hours, the EUR/USD continued to recover, as by mid-day the rate had reached the 1.1280 mark. Meanwhile, it was spotted that the rate had reached above the 200-hour simple moving average, which appeared to have started to act as support.
If the 200-hour simple moving average causes a surge, the pair would most likely test the resistance