On Monday morning, the EUR/USD forex alternate price was recovering from the Friday’s low stage of 1.2065. Throughout the early hours of European buying and selling, the speed was testing the resistance of the 1.2100 mark.
If the forex price manages to cross the resistance of the 1.2100 mark, the pair may attain for the resistance of the weekly easy pivot level at 1.2127 and the 200-hour easy shifting common at 1.2125. In the meantime, further resistance may very well be offered by the 55 and 100-hour easy shifting averages close to the 1.2150 mark.
However, within the case of the speed bouncing off the resistance of the 1.2100 mark, it may goal on the February low stage of 1.2020 and the weekly S1 easy pivot level at 1.2011.
— to www.actionforex.com
