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EUR/USD pierces SMA's resistance

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


On Thursday morning, the EUR/USD pierced the resistance of the 100 and 200-hour simple moving averages near the 1.1840 level.

In the case that the rate surges, the pair would reach the resistance of the weekly simple pivot point at 1.1852. A failure of the pivot point could result in a test of the resistance zone just below the 1.1880 mark.

On the other hand, a potential decline could look for support first in the 55-hour SMA near 1.1820. Afterwards, the weekly S1 simple pivot point at 1.1810 might provide support.
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