EUR/USD returns to 1.0000

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Source: Dukascopy Bank SA


The 0.9865/0.9875 zone was enough to cause a recovery of the Euro against the US Dollar. The surge eventually reached above the 1.0000 mark. On Thursday morning, the pair was finding support in the weekly simple pivot point at 0.9980.

A surge of the Euro against the USD might face resistance in the weekly R1 simple pivot point at 1.0050. Higher above, note the August high level zone at 1.0080/1.0090.

On the other hand, a decline below the weekly simple pivot point at 0.9980 could look for support first in the 200-hour SMA at 0.9970. Further below, note the combination of the 50 and 100-hour simple moving averages at 0.9940. Afterwards, the 0.9865/0.9875 zone might once again act as support.
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Thu, 08 Sep 2022 07:52:48 GMT

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