Fri, 14 May 2021 06:47:47 GMT
EUR/USD reaches above 1.2100
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109.
In the case of the rate passing the resistance of the weekly simple pivot point, the pair would face the resistance