EUR/USD remains near 1.1000

Source: Dukascopy Bank SA


The EUR/USD dipped to the support zone near 1.0965, before recovering on Friday. During Monday's trading, the currency pair was fluctuating near the 1.1030 level. However, during the early hours of US trading, the pair was declining below support levels at 1.1015/1.1025.

An extension of the decline is expected to look for support in the 1.0965 level. Further below, note the weekly S1 simple pivot point at 1.0941 and the 1.0900 mark.

On the other hand, a possible recovery of the Euro against the US Dollar is highly likely going to test the 1.1085/1.1095 resistance zone and the weekly R1 simple pivot point at 1.1091.
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