EUR/USD

On Wednesday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair fell below the 55-, 100 and 200– hour SMAs during Wednesday's trading session.

The exchange rate is likely to continue to edge lower during the following trading session. The potential target for the EUR/USD pair will be near the weekly support level at 1.2097.

However, bearish traders could encounter support at 1.2145 during Thursday's trading session.

EURUSD

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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