EUR/USD approaches support range

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


For the past week, the EUR/USD has been trading between the support zone at 1.0665/1.0670 and resistance at 1.0745/1.0760. In addition, the hourly simple moving averages and the weekly simple pivot points have been acting as support and resistance.

On Wednesday, June 26, the pair was heading to the support of the 1.0665/1.0670 range. A move below this range could result in the pair looking for support in the combination of the 1.0650 level and the weekly S1 simple pivot point at 1.0655. Further below, note the weekly S2 at 1.0618 and the 1.0600 mark.

However, a potential recovery of the Euro against the Dollar could face the combination of the 1.0700 mark, the weekly simple pivot point at 1.0708 and the 50, 100 and 200-hour simple moving averages near 1.0720.
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