EUR/USD tests resistance

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


The EUR/USD has recently moved upwards to the combined resistance of the 50-hour simple moving average and the weekly S1 simple pivot point at 1.0740.

A move above 1.0740 is expected to face resistance in the 1.0760 level and the descending 100-hour simple moving average. In the case of these levels failing, the rate's further surge could be slowed down by the combination of the 200-hour simple moving average and the 1.0800 mark.

Meanwhile, a resumption of the broader decline could look for support in the 1.0720 level, which has acted as support during Thursday's trading. Further below, note the 1.0700 mark and the weekly S2 simple pivot point at 1.0678.
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Fri, 26 May 2023 09:55:39 GMT

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