EUR/USD reaches 1.1750

Source: Dukascopy Bank SA


The EUR/USD currency exchange rate has recovered to the 1.1750 level, which on Tuesday appeared to be providing resistance.

A bounce off from the 1.1750 mark could result in a decline and another test of the support of the 1.1700 mark. The 1.1700 mark provided enough support on Friday for the pair to recover.

On the other hand, a potential surge above the 1.1750 level could reach for the weekly simple pivot point at 1.1766. Meanwhile, take into account the resistance of the 100-hour simple moving average.
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