EUR/USD fluctuates near parity

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


Since the start of Tuesday's Asian trading up to the start of Wednesday's US trading, the EUR/USD currency pair fluctuated in the range between support near 0.9980 and resistance at 1.0040/1.0050. Meanwhile, by the middle of Wednesday's trading, the pair had started to ignore the support and resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point.

In the case of the Euro continuing its prior decline against the US Dollar, the rate might look for support in the August low level zone at 0.9900/0.9915. Further below, take into account the weekly S1 simple pivot point at 0.9878.

On the other hand, a potential extension of the European currency's recovery would have to pass the 1.0040/1.0050 zone, before approaching the weekly R1 simple pivot point at 1.0068 and the August 26 high at 1.0090.
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Wed, 31 Aug 2022 14:09:59 GMT

GBP/USD declines to 1.1600

The resistance of the 1.1715/1.1760 zone held out on Tuesday and a decline followed. By the middle of Wednesday's trading hours, the currency pair had reached the combination of the 1.1600 level and the weekly S2 simple pivot point at 1.1601. If the Pound declines against the US Dollar, the rate could look for support in the 1.1550 and 1.1500

Tue, 30 Aug 2022 09:35:07 GMT

USD/CAD declines below 1.3000

On Tuesday morning, the support of the 50-hour simple moving average, the 1.3000 mark and the weekly simple pivot point at 1.2996 failed. Moreover, by 09:00 GMT, the pair had reached below the 100 and 200-hour SMAs near 1.2980. An extension of the decline of the US Dollar compared to the Canadian Dollar could look for support in the weekly S1

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