EUR/USD declines to 0.9850

Source: Dukascopy Bank SA


The 1.0000 mark provided enough resistance to cause a decline of the EUR/USD. During the second part of Wednesday's trading, the currency pair found support in the combination of the 100-hour simple moving average and the 0.9850 level. The support was enough to cause a move upwards. On Thursday morning, the pair was testing the resistance of the weekly R1 at 0.9925 and was finding support in the 0.9900 level.

A move above 0.9925 would once again result in a test of the 1.0000 mark. Above 1.0000 the pair could encounter resistance in the combination of the weekly R2 simple pivot point at 1.0048 and the 1.0050 level. Higher above, take into account the 1.0100, 1.0150 and 1.0200 levels.

On the other hand, a decline of the Euro against the US Dollar is set to look for support in the 0.9865/0.9875 zone and the 100-hour simple moving average. Further below, note the 0.9850 and 0.9800 levels.
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Thu, 06 Oct 2022 07:49:06 GMT

GBP/USD finds support at 1.1250

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