EUR/USD recovery reaches new highs

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


The EUR/USD surge has revealed a resistance zone at 1.0865/1.0875. Meanwhile, this week it was spotted that the 1.0800 level was acting as support.

A resumption of the rate's surge could be caused by the approaching 100-hour simple moving average. However, note that the 50-day SMA failed to cause a move upwards. The potential surge of the Euro against the USD could encounter resistance in the 1.0865/1.0875 range.

On the other hand, a decline of the currency pair would look for support first in the 1.0800 level. Further below, note the weekly simple pivot point at 1.0779 and the 1.0760 level.
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