Dukascopy Bank Team
Dukascopy Bank SA
EUR/USD
On Thursday, the EUR/USD currency pair declined to the 1.1130 level. During today's morning, the pair surpassed the given level.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, currently located circa 1.1140. Thus, it is likely that some downside potential could prevail in the market.
Note that the currency pair could gain support of the lower boundary of the medium-term ascending channel at 1.1110. However, if the given trend does not hold, it is likely that the pair could go below 1.1100.
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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