EUR/USD remains below 1.2200

Source: Dukascopy Bank SA


Since reaching the 1.2175 mark on Friday, the EUR/USD currency exchange rate has traded below it. In the case of the rate managing to pass this resistance, the pair could reach for the 1.2200 mark and afterwards the weekly R1 simple pivot point at 1.2232.

On the other hand, a potential decline of the rate could look for support in the weekly simple pivot point at 1.2109, the 55-hour simple moving average and the 1.2100 level.

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Mon, 10 May 2021 11:51:21 GMT

GBP/USD reaches above 1.4100

Since the middle of Friday's GMT trading hours, the GBP/USD currency exchange rate has reached above the 1.4100 level, as it had gained more than 1.50%. In the near term future, the pair's surge was expected to reach for the resistance of the weekly R2 simple pivot point at 1.4138. If the pair passes this resistance level, GBP/USD could reach for

Mon, 10 May 2021 08:09:33 GMT

USD/CAD decline likely to continue

The US Dollar declined by 67 pips or 0.55% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.

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