EUR/USD

On Monday, the EUR/USD currency exchange rate fluctuated sideways in the 1.1260/1.1300 range. Note that the pair was ignoring the support and resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1283.

If the currency pair surges, it could test the resistance of the 1.1320/1.1333 zone, which provided the EUR/USD with resistance on November 19 and November 26. A passing of the zone might result in a test of the weekly R1 simple pivot point at 1.1378.

On the other hand, a decline would find support in the 50-hour simple moving average at 1.1260, the 1.1250 mark and the 100-hour SMA near 1.1240. Moreover, the weekly S1 simple pivot point was located at 1.1231.

EURUSD

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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