Dukascopy Bank Team
Dukascopy Bank SA
EUR/USD
The EUR/USD made another attempt to pass the resistance of the 1.1670 level. The pair failed and began a decline. By the start of Thursday's US trading hours, the currency exchange rate fluctuated around the weekly R1 simple pivot point and the 55-hour simple moving average.
If the rate surges, it would once again test the resistance of the 1.1670 level. A passing of the 1.1670 mark could result in the rate reaching the weekly R2 simple pivot point at 1.1685.
On the other hand, a potential decline could look for support first in the 100-hour simple moving average near 1.1630. Afterward, the zone of the previous week's high levels and this week's low level might provide additional support at 1.1617/1.1625.
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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