EUR/USD respects moving average

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


The EUR/USD has found support in the 50-hour simple moving average, which has been strengthening the 1.0350 level. The combination of these levels was enough to start a surge.

The surge of the Euro against the US Dollar could encounter resistance in the 1.0450 and 1.0500 levels, before reaching the weekly R1 simple pivot point at 1.0512. Higher above, note the 1.0550 and 1.0600 levels.

On the other hand, a decline of the pair would look for support not only at 1.0350 and the 50-hour SMA, but also the combination of the 100-hour SMA and the 1.0300 level.
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Wed, 16 Nov 2022 08:33:50 GMT

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