EUR/USD fails to surge

Source: Dukascopy Bank SA


The EUR/USD failed at its third attempt to break the resistance of the 1.2175/1.2180 zone. It resulted in a decline, which passed the support of the 55-hour simple moving average near 1.2150.

During the early hours of Wednesday's trading hours, the currency exchange rate found support in the 100-hour simple moving average near 1.2110.

In the near term future, the 100-hour SMA could push the EUR/USD into testing the 55-hour SMA near 1.2150. If the 55-hour SMA fails to provide resistance, the pair could reach for the 1.2175/1.2180 zone.

On the other hand, a failure of the 100-hour SMA to cause a surge could result in the rate declining to the weekly simple pivot point at 1.2109 first. Afterwards, the 1.2100 mark and the 200-hour simple moving average could provide support.
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Wed, 12 May 2021 06:58:16 GMT

EUR/JPY breakout occurs

The common European currency declined by 52 pips or 0.39% against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.

Tue, 11 May 2021 11:37:44 GMT

Gold consolidates below 1,845.00

Since the Friday's surge, the yellow metal's price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal's price was being approached from below by the 55-hour simple moving average. If the 55-hour simple moving average manages to provide enough support for the metal's price to surge above the 1,845.00 level, the price could find resistance

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