EUR/USD continues higher

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


On Tuesday, the EUR/USD continued higher, as it approached 1.0850.

An extension of the ongoing decline might encounter resistance in the 1.0850 and 1.0900 levels, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range.

On the other hand a decline of the Euro against the US Dollar might look for support in the 50 and 100-hour simple moving averages near 1.0800, the weekly simple pivot at 1.0772, the support and resistance zone at 1.0735/1.0760 and the ascending 200-hour SMA.
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