The direction of the EUR/movement USD’s remains unclear. After making a new daily low of 1.0595, it rose back over 1.0600.
The EUR/USD exchange rate has been fluctuating in a range since the start of the week, with the top limit at 1.0660 and the bottom at 1.0575.
After reaching levels above 1.0700 last week, a pullback below 1.0570 would allow for a prolongation of the correction.
The 1.0700 level, which guards the December high at 1.0737, should be exposed by a strong break above 1.0660, on the other hand.
|
Daily SMA20 |
1.0509 |
|
Daily SMA50 |
1.0212 |
|
Daily SMA100 |
1.0094 |
|
Daily SMA200 |
1.0341 |
