EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Since the beginning of August, FX pair has risen from 1.13800 price level towards 1.17000 price zone. 20- day SMA price level implying that a short- term downside volatility may be occurring without interfering with the current bullish trend, which could re-test 1.18000 price resistance level.



As governments approach fiscal year end, budget re-planning may increase overall FX volatility via longer term maturity securities.

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