EUR/USD returns below 1.0400

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


Despite the high volatility experienced on Monday, the EUR/USD has returned to trade between the 1.0350 and 1.0400 levels. On Tuesday morning, the pair was finding support in the 200-hour SMA and the weekly simple pivot point near 1.0350. On the other hand, resistance was found in the combination of the 50 and 100-hour simple moving averages near 1.0400.

A potential surge of the Euro against the US Dollar might surge above 1.0400 and aim at the weekly R1 simple pivot point at 1.0486 and the 1.0500 mark. These levels acted as resistance on Monday.

However, a decline of the pair below 1.0350 could find support in the 1.0300 mark, before reaching the weekly S1 simple pivot point at 1.0260.
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