On Monday, the EUR/USD no longer had close by resistance levels on the hourly chart. Namely, the weekly pivot points had changed, and the closest by technical resistance was located at the 1.1380 mark.
During the morning hours of the day’s trading the pair was set to surge to the pivot point at 1.1380. It should occur by using the support of the 55 and 100-hourly simple moving averages, which were located at the 1.1340 level.
Meanwhile, note that above the 1.1380 level there are no additional resistance levels as far as 1.1430.
