EURUSD Technical Analysis
The EURUSD currency pair is currently following a downward trend, even though there has been a recent increase in its value.
There are certain points, known as resistance points, which could potentially halt the currency pair's upward movement. The first resistance point could be at 1.0617, which is where the recent high value was observed. Another resistance point could be at 1.0673, which aligns with the 34-day simple moving average (SMA), a trend indicator.
Further up, the 100-day and 200-day SMAs might also act as resistance points near the value of 1.0830.
On the other hand, if the value of the currency pair starts to decrease, it might find support (a level where the price might stop falling) near the recent low values of 1.0480 and 1.0440.