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On Monday, the EUR/USD currency pair was testing the last week high level zone at 1.0925/1.0940.
If the pair declines, it would look for support in the 1.0880 level and the 50-hour simple moving average. Further below, support is set to be provided by the 1.0840 level, which reversed a two day decline during the end of the last week.
Meanwhile, a move above the 1.0925/1.0940 zone might encounter resistance in the 1.0980 level, which is strengthened by the 200-hour simple moving average.
Mon, 11 Apr 2022 13:55:43 GMT
Source: Dukascopy Bank SA
On Monday, the EUR/USD currency pair was testing the last week high level zone at 1.0925/1.0940.
If the pair declines, it would look for support in the 1.0880 level and the 50-hour simple moving average. Further below, support is set to be provided by the 1.0840 level, which reversed a two day decline during the end of the last week.
Meanwhile, a move above the 1.0925/1.0940 zone might encounter resistance in the 1.0980 level, which is strengthened by the 200-hour simple moving average.