EUR/USD recovers to 1.0800

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


The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it.

An extension of the ongoing decline might encounter resistance in the 1.0850 and 1.0900 levels, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range.

On the other hand a decline of the Euro against the US Dollar might look for support in the 50-hour simple moving average near 1.0790, the weekly simple pivot at 1.0772, the support and resistance zone at 1.0735/1.0760 and the ascending 200-hour SMA.
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