EUR/USD respects weekly pivot point

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


On Tuesday, the EUR/USD confirmed that it can find support in the combination of the weekly simple pivot point and the 100-hour simple moving average at 1.0665.

A broader move below 1.0665 could result in the rate looking for support in the 200-hour simple moving average near 1.0635. Further below take into account the notable 1.0600 mark and the range that surrounds it.

On the other hand, a recovery of the Euro against the US Dollar is bound to face potential resistance in the 100-hour simple moving average near 1.0685, the 1.0700 mark and the 50-hour simple moving average near it. Higher, the 1.0745/1.0755 range is set to act as resistance.
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