EUR/USD reveals support and resistance

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


The EUR/USD has revealed a support zone at 1.0382/1.0385 and resistance at 1.0485/1.0488. During the first half of Friday's trading, the pair was fluctuating near the 1.0450 level.

A decline of the Euro against the US Dollar is set to look for support in the weekly S2 simple pivot point at 1.0405 and the 1.0400 mark, before approaching the support zone at 1.0382/1.0385. Further below, note the 1.0350 mark, the weekly S3 simple pivot point and the 2017 low level at 1.0340.

Meanwhile, a potential recovery of the Euro against the US Dollar would face the 1.0485/1.0488 zone. Note that the pair has been mostly ignoring the weekly S1 simple pivot point at 1.0479 and the 50-hour simple moving average.
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