Dukascopy Bank Team
Dukascopy Bank SA
EURUSD
On Tuesday morning, the EUR/USD was declining below the support levels at 1.1250. In general, the rate passed its technical support levels during the moments that they stood each on its own.
From a technical analysis theoretical perspective, the currency exchange rate should decline, as it has no tech support as low as the 1.1220 level where a monthly pivot point is located at.
On the other hand, the sharp decline could stop and the currency exchange rate could consolidate by trading sideways.
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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