EUR/USD remains above 0.9700

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


On Friday, the EUR/USD was highly volatile in the 0.9700/0.9800 range. On Monday, the pair was trading near the 0.9750 level.

A recovery of the Euro against the US Dollar might encounter resistance in the 200-hour simple moving average near 0.9770. Higher above note the 0.9800 level and the weekly R1 simple pivot point at 0.9807.

On the other hand, a decline of the currency pair would look for support in the weekly simple pivot point at 0.9719 and the 0.9700 mark. Meanwhile, note that the 50 and 100-hour simple moving averages were being ignored. Further below, note the 0.9680 and 0.9640 levels.
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