Wed, 27 Sep 2023 12:57:18 GMT
EUR/USD decline continues
As the EUR/USD rate was being approached by the resistance of the 50-hour simple moving average, the rate resumed its broader decline. By mid-Wednesday, the currency pair had reached below the support of the 1.0550 level and the weekly S2 simple pivot point at 1.0543.
A continuation of the decline is set to look for support in the 1.0500 mark,