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The euro is easing against the US dollar on Tuesday morning European session.
The exchange rate trades at 0800 UTC closer to 1.1750 area, where the 20-hour SMA is located nearby (1.1752).
The 100-hour SMA (1.1711) coupled with the weekly pivot point (1.1702) shall likely prevent losses below the 1.17 area during this session.
In fact, the challenge is to cross over the upper boundary of the hourly Bollinger bands (1.1772) and put the weekly R1 (1.18113) to the test.
The exchange rate trades at 0800 UTC closer to 1.1750 area, where the 20-hour SMA is located nearby (1.1752).
The 100-hour SMA (1.1711) coupled with the weekly pivot point (1.1702) shall likely prevent losses below the 1.17 area during this session.
In fact, the challenge is to cross over the upper boundary of the hourly Bollinger bands (1.1772) and put the weekly R1 (1.18113) to the test.
