EUR/USD consolidates below 1.0900

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


In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900.

In the case of a resumption of the Euro surge against the US Dollar, the pair would have to reach above the 1.0900 mark and the Monday's high level of 1.0925. Meanwhile, note the weekly R1 at 1.0906 and the weekly R2 at 1.0957.

However, a potential decline of the currency pair might look for support in the combination of the 100 and 200-hour simple moving averages and the weekly simple pivot point near 1.0840. Further below, the 1.0800 is expected to act as support.
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