Sun, Dec 04, 2022 @ 07:22 GMT
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EUR/USD Analysis: Fluctuates Near 1.1650 Mark

On Tuesday morning it could be observed that the common European currency continued to fluctuate against the US Dollar near the 1.1650 mark. It might be a signal that the markets are expecting fundamental clues regarding the strength of one of the currencies. However, from a technical perspective the currency pair had two options. Either it will decline down to the support levels near the 1.16 mark, where the 100-hour SMA is located at together with the weekly PP, or the currency exchange rate will pass the levels of significance near the 1.1650 mark and resume the surge. In that scenario the Euro might surge up to the 1.1750 mark against the Greenback, as there are no notable resistance levels until that level. At the 1.1753 level the weekly R1 is located at.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Group
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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