EUR/USD recovers after drop

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday, after the large drop caused by the German PMI data on Wednesday, the EUR/USD was recovering. 

The pair's recovery was expected to continue, as the rate had no technical resistance levels close by. Namely, the simple moving averages were still located above the 1.1270 level during the morning hours.  

On the other hand, the rate might consolidate after the decline by trading sideways not surging up.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.