Euro against Dollars

• By James Edward
• Posted May 07, 2021
• 0 Comments

The EUR/USD pair stood at the level of 1.2063 with the percentage change of  0.45% when compared to the previous sessions in the trading market on Friday, yet again the EUR/USD pair has witnessed a back and forth momentum in the trading sessions. Euro is now getting quite a good support against the US Dollars in the trading sessions.

The US Dollar index was low to 0.1 % and stood at the level of 91.00 in the trading sessions which lost around 0.4% overnight on Friday.

On the other hand the Daily SMA 200 stood at the level of 91.94 and the previous day high for the pair stood at the level of 91.44.

The support for the EUR/USD pair stood at the level of 1.200 followed by 1.1985, 1.973 and 1.1943 and the resistance for the pair is seen at the level of 1.2065 followed by 1.2075, 1.2093 and 1.2126 in the trading sessions.

US Dollar dropped down as the risk of trading on the currency raised in the trading sessions, and the dollar stayed under a slight pressure and on the other end the Euro gained around 0.5% when compared to the US Dollar in the trading sessions.

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