EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD has seen a recovery towards levels of 1.0400 while breaching price levels 1.03560 and creating a support level. in that zone



Further momentum to the upside could bring the FX currency pair closer to 1.04210. The FX pair is trading above the simple moving averages, which could indicate a shift in momentum from bearishness to bullishness in the near term. If resistance of 1.04210 is broken, more bullish momentum should be anticipated.

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