EUR/USD trades in pattern

Source: Dukascopy Bank SA

On Monday morning, the EUR/USD was surging after bouncing off the support levels from 1.1015 to 1.1020. The rate was expected to test the resistance of the monthly pivot point at the 1.1045 level.

If this levels gets broken, the EUR/USD could be only kept down by the upper trend line of the channel up pattern.

On the other hand, if the pivot point holds, it would force the rate into trading sideways until the 55-hour simple moving average pushes it up.
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Mon, 14 Oct 2019 11:12:51 GMT

GBP/USD retraces down

On Monday, the GBP/USD rate was heading to the support of the weekly pivot point at 1.2520, which soon could be supported by the 55-hour simple moving average.

Mon, 14 Oct 2019 11:02:19 GMT

USD/JPY declines after new high

On Friday, the rate stood at the support of the 55-hour simple moving average at 108.05.

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