EUR/USD reaches above 1.1000

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


The Euro has recovered against the US Dollar above the 1.1000 mark. At mid-day on Thursday, the pair pierced the round level indicating that the pair could continue to move higher.

A move above 1.1000 might be stopped by the weekly R1 or R2 simple pivot points at 1.1028 and 1.1118. In addition, the 1.1050 and 1.1100 could act as resistance.

Meanwhile, a potential decline of the EUR/USD might find support in the combination of the 50 and 100-hour simple moving averages near 1.0940, before the pair reaches the combination of the 1.0900 mark and the 200-hour SMA.
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