EUR/USD recovers to 1.0050

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


On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point.

A move of the EUR/USD above the 1.0050 level could result in the pair testing the 1.0100 mark and the zone, which surrounds it. Higher above, take into account the 1.0150 level, the weekly R1 at 1.0160 and the zone near 1.0200.

On the other hand, a decline of the Euro against the US Dollar could find some support in the 1.0000 mark, which is strengthened by the 50 and 100-hour simple moving averages. Further below, the last week's support zone near 0.9950 is set to once again impact the pair.

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