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The EUR/USD currency pairs recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning.
A move above the technical levels at 0.9980 could encounter resistance in the 1.0000 mark. Higher above, note the weekly R1 simple pivot point at 1.0050.
On the other hand, a resumption of the Euro's decline against the US Dollar might once again look for support in the 0.9900/0.9915 zone, prior to approaching the weekly S1 simple pivot point and the 0.9880 level. In the meantime, note that the rate has been ignoring the 50-hour simple moving average.
Tue, 06 Sep 2022 07:22:30 GMT
Source: Dukascopy Bank SA
The EUR/USD currency pairs recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning.
A move above the technical levels at 0.9980 could encounter resistance in the 1.0000 mark. Higher above, note the weekly R1 simple pivot point at 1.0050.
On the other hand, a resumption of the Euro's decline against the US Dollar might once again look for support in the 0.9900/0.9915 zone, prior to approaching the weekly S1 simple pivot point and the 0.9880 level. In the meantime, note that the rate has been ignoring the 50-hour simple moving average.