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On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882.
A potential recovery of the Euro against the US Dollar might encounter resistance in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 0.9960/0.9990 range. Higher above, note the 1.0000 mark.
On the other hand, a decline of the pair further might look for support in the weekly S2 simple pivot point at 0.9812 and the 0.9800 level.
Mon, 05 Sep 2022 07:50:29 GMT
Source: Dukascopy Bank SA
On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882.
A potential recovery of the Euro against the US Dollar might encounter resistance in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 0.9960/0.9990 range. Higher above, note the 1.0000 mark.
On the other hand, a decline of the pair further might look for support in the weekly S2 simple pivot point at 0.9812 and the 0.9800 level.