On Tuesday morning, the EUR/USD was finding support in the 55 and 100-hour simple moving averages near 1.1135. Meanwhile, the rate was facing the resistance of the weekly pivot point at 1.1153.
In general, the pair was expected to break the technical resistance of the weekly pivot point. In the aftermath of such event the rate would surge up to the 200-hour simple moving average, which on Tuesday was located at the 1.1175 level.
On the other hand, the weekly PP at 1.1153 could hold its ground forcing the pair to trade sideways.
