EUR/USD reaches 1.0700

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


The major volatility of the EUR/USD has ended. The pair has started a steady decline, which respects round price levels. On Tuesday morning, the pair had reached the 1.0700 mark, which acted as support.

A move below the 1.0700 mark could look for support in the 1.0650 level and the weekly S2 simple pivot point, before approaching the 1.0600 and 1.0550 levels.

On the other hand, a recovery of the Euro against the US Dollar would have to pass the combined resistance of the 50-hour simple moving average and the 1.0750 level.
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Tue, 07 Feb 2023 11:40:21 GMT

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