The euro is rising against the US dollar on Tuesday morning European session.

Today's rise follows yesterday's one and so far (0750 GMT) the exchange rate found resistance at the weekly R2 (1.2478). The upper boundary of the hourly Bollinger bands is located at 1.2473.

On the downside, the lower boundary of the hourly Bollinger bands is located at 1.2421 and beneath it lies the 55 and 100-hour SMAs located at 1.2390 and 1.2356, respectively.
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