On Thursday morning, the EUR/USD pierced the resistance of the 100 and 200-hour simple moving averages near the 1.1840 level.
In the case that the rate surges, the pair would reach the resistance of the weekly simple pivot point at 1.1852. A failure of the pivot point could result in a test of the resistance zone just below the 1.1880 marks.
On the other hand, a potential decline could look for support first in the 55-hour SMA near 1.1820. Afterward, the weekly S1 simple pivot point at 1.1810 might provide support.
