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The situation on the EUR/USD charts remains almost unchanged. On Thursday, the 100-hour simple moving average had caught up with the pair and was acting as support near 1.0350.
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 and 100-hour SMAs, but also the 1.0300 level
Thu, 17 Nov 2022 08:50:29 GMT
Source: Dukascopy Bank SA
The situation on the EUR/USD charts remains almost unchanged. On Thursday, the 100-hour simple moving average had caught up with the pair and was acting as support near 1.0350.
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 and 100-hour SMAs, but also the 1.0300 level