During Wednesday’s trading session, the European Single Currency was supported by the 200-hour simple moving average to surge to 1.1320. On Thursday morning, the rate was located at the 1.1316 mark.
It is expected that the currency exchange rate will surge towards the R1 at 1.1354 to end the trading session at the 1.1340 level.
Besides, the 55-hour simple moving averages will try to catch up the rate to give additional support to the rate for the next trading session.
