The euro-dollar exchange rate is now attempting to regain ground above the resistance level of 1.0525, while the United States dollar is gaining strength against a wide basket of currencies. Attempts to settle above the resistance level of 103.60 were attempted lately, but the index lost impetus and drew down towards the support level of 103.25, where it is now positioned. Alternatively, if the US Dollar Index falls again below 103.25, it will begin to trend towards its previous support around 103, which would be positive for the EUR/USD pair.

1.05000 is support, while 1.05440 is a level of resistance. The Pivot Point at 1.05270 is placed between the lines of support and resistance, and the price is now below it. The EMA of 10 is moving in a bearish manner below the EMA100 and 200 moving in a bearish trend. The MACD histogram is in negative area, and the RSI is moving in low ranges. There is little movement in the Stochastic which is located in oversold area. There is a falling signal in ADX.

• There is resistance at 1.05440, followed by resistance at 1.05710 and 1.05880.
• There is support at 1.05000 Below, there is 1.04830 and 1.04560.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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