The euro is easing against the US dollar on Tuesday morning European session.

The exchange rate trades at 0645 UTC near the 1.1670 level, which coincides with both the lower boundary of the hourly Bollinger bands and the 100-hour SMA.

The weekly PP is located at 1.1680 and if combined with the previous figures fails to provide support during this session, the next target may lie on the weekly S1 at 1.1614.

On the other hand, if the exchange rate manages to reverse polarity, the immediate target lies on the upper boundary of the hourly Bollinger bands near the 1.1720 level, followed by the weekly R1 at 1.1786.
Translate to Inglese Show original