During Friday’s trading session, the currency exchange rate ended the day at the 110.00 level, as it was expected! On Monday morning, the rate was located at the 110.17 mark.
It is expected that the rate will depreciate towards the 50.00% Fibonacci retracement level at the 109.60 mark.
Besides, the resistance level of the 55-hour simple moving average will catch up the rate to retrace the currency exchange rate at the 110.30 level.
