EUR/USD breaks resistance

Source: Dukascopy Bank SA


The US JOLTS Job Opening data caused a drop of the US Dollar at 14:00 GMT on Tuesday. The event caused a surge of the EUR/USD above the resistance of 1.0910/1.0930. Since the surge, the pair has been fluctuating in the 1.0940/1.0970 range.

If the pair resumes its surge, it might be slowed down by the 1.1000 mark. Higher above, take into account the weekly R2 simple pivot point at 1.1018. Even higher, the 1.1100 level and the weekly R3 at 1.1110 could stop the pair.

On the other hand, a decline is most likely going to find support in the 1.0910/1.0930 range and the weekly R1 at 1.0928.
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