EUR/USD retreats below 1.1300

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


At mid-day on Tuesday, the EUR/USD currency exchange rate traded below the 1.1300 mark, which had been passed during the drop that started with the start of 2022.

In the case of the EUR/USD surging above the 1.1300 mark and the weekly S1 simple pivot point at 1.1304, the pair might reach for the 50, 100 and 200-hour simple moving averages near 1.1325. In addition, note the resistance line, which connects the recent high levels. Meanwhile, a move above 1.1325, the weekly simple pivot point at 1.1345 might stop a surge.

On the other hand, the pair might decline to the support zone that is located above the 1.1260 level. The 1.1260 mark represents the December 21 and 22 low levels. A move lower, might find support at the December low level zone at 1.1225/1.1235 and the weekly S2 simple pivot point.
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Tue, 04 Jan 2022 15:37:05 GMT

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