VOT Research Desk
Interday Technical Examination and Outlook:
EUR/USD cleared several resistance levels on Monday but failed to overcome a descending trend line and the 55-day simple moving average (SMA) and they may continue to offer resistance.
Further up, the 1.0370 – 1.0370 area could offer resistance with several breakpoints, a prior high, and the 100-day SMA in that zone.
EURUSD CHART
On the downside, support might be at the recent low of 0.9864 or the 161.8% Fibonacci Extension of the move between 0.9953 to 1.0369 at 0.9695.
