EUR/USD faces resistance at 1.0750

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


The EUR/USD has revealed a resistance zone below the 1.0750 mark. Meanwhile, support is being found in the trend line, which has guided the currency pair up since Friday. In addition, note the support of the 50-hour simple moving average and the 1.0700 mark.

A move above the 1.0750 level could encounter resistance in the combination of the weekly R2 simple pivot point at 1.0797 and the 1.0800 mark. Higher above, note the 1.0850 level and the weekly R3 at the 1.0900 mark.

On the other hand, a decline of the currency pair below 1.0700 might look for support in the 100 and 200-hour simple moving averages, the 1.0650 level and the weekly simple pivot point at 1.0621. Further below, note the 1.0600 that might slow down a potential decline to the 1.0550 level and the March low levels near it.
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