EUR/USD is back above 1.0600

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


The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average.

A decline of the pair could look for support in the 1.0600 mark and the 50-hour simple moving average. Meanwhile, the rate did not find support in the 200-hour SMA and the weekly simple pivot point at 1.0620. Further below, note the strong support zone just below 1.0550.

On the other hand, a recovery of the pair would have to reach above 1.0660 and the 100-hour SMA, prior to approaching the 1.0700 mark, the weekly R1 simple pivot point at 1.0718 and the resistance zone at 1.0740/1.0760.
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