EUR/USD is highly volatile

Note: This section contains information in English only.
Source: Dukascopy Bank SA


After experiencing a sharp drop on Thursday to the 1.1108 level, the EUR/USD currency exchange rate began a recovery. By the start of Friday's US trading hours, the currency pair had reached the 1.1250 mark, which appeared to act as resistance.

If the Euro surges higher against the US Dollar, the currency exchange rate could encounter resistance in the weekly S1 simple pivot point at 1.1266 and the 100-hour simple moving average near 1.1275. Further above, note the 1.1300 mark, the 200-hour simple moving average and the trend line, which connects February high levels.

On the other hand, a decline of the currency pair might find support in the 50-hour simple moving average near 1.1230, before the pair declines to the weekly S2 simple pivot point at 1.1215 and the 1.1200 mark.
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Fri, 25 Feb 2022 17:37:34 GMT

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