EUR/USD surge ends at 1.1180

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


The EUR/USD surge above the previous March high level eventually ended during the midnight hours to Thursday. The surge ended at the 1.1180 mark, which acted as resistance. Afterwards, throughout the day's trading hours, the Euro declined against the US Dollar. By 15:00 GMT, the currency exchange rate had reached below the 1.1100 mark.

If the common European currency exchange rate declines, it would first look for support in the 1.1060 mark and the 100-hour simple moving average. Further below, the weekly R1 simple pivot point at 1.1048 and the 1.1050 level might act as support. Below the 1.1050 level, the 200-hour simple moving average at 1.1035 could act as support, before the EUR/USD reaches the 1.1000 mark and the weekly simple pivot point at 1.1004.

On the other hand, an appreciation of the Euro's value against the US Dollar would face resistance at the 1.1100 mark, the weekly R2 simple pivot point at 1.1114, the 50-hour simple moving average near 1.1130 and the weekly R3 simple pivot point at 1.1157.
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Thu, 31 Mar 2022 15:04:14 GMT

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