EUR/USD returns below 1.0000

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone.

If the pair declines below 0.9900, the weekly S1 simple pivot point at 0.9878 might slow down a decline. Further below, the 0.9850 level could act as support, before the rate reached the combination of the 0.9800 mark and the weekly S2 simple pivot point.

On the other hand, a recovery of the Euro against the US Dollar could encounter resistance in the 0.9950 level, the 50 and 100-hour simple moving averages near 0.9970, the weekly simple pivot point at 0.9984. Only after breaching all these levels, the pair would approach the 1.0000 mark and the 200-hour SMA near 1.0020.
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Mon, 29 Aug 2022 09:29:18 GMT

GBP/USD declines to 1.1650

In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support. An extension of the decline of the Pound against the US Dollar might look for support in the weekly S2 simple pivot point at 1.1601 and the 1.1600 mark. Further

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