EUR/USD returns to parity

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


During late Tuesday's trading a broad decline of the US Dollar occurred. On the EUR/USD charts it resulted in the pair breaking one resistance after another until the 1.0000 mark was reached. The 1.0000 level acted as resistance and caused sideways trading in the 0.9950/1.0000 range.

A move above 1.0000 could encounter resistance in the combination of the weekly R2 simple pivot point at 1.0048 and the 1.0050 level. Higher above, take into account the 1.0100, 1.0150 and 1.0200 levels.

However, a decline of the Euro against the US Dollar is set to look for support in the weekly R1 simple pivot point at 0.9925 and the 0.9900 level. Further below, take into account the 50-hour simple moving average and the 0.9865/0.9875 zone.
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Wed, 05 Oct 2022 07:56:17 GMT

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