EUR/USD should continue decline

Source: Dukascopy Bank SA
The EUR/USD plummeted on Friday from the simple moving averages near 1.1130 to the 1.1090 level. On Monday, the currency exchange rate reached below the 1.1090 level. 

In general, the rate was expected to continue to decline, as it had no technical support as low as the monthly simple pivot point at 1.1066 and the weekly S1 pivot point at 1.1061.  

On the other hand, the recent sharp decline has left far above the rate the simple moving averages. It is a signal that the rate is oversold and should consolidate by retracing back up or trading sideways.
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Mon, 20 Jan 2020 11:07:16 GMT

GBP/USD is heading to 1.2940

The GBP/USD has passed the support of the 55, 100 and 200-hour simple moving averages. By the middle of Monday's trading session, the rate was headed to the support of a weekly and monthly pivot points just below the 1.2940 mark.  

Mon, 20 Jan 2020 08:25:43 GMT

NZD/USD two scenarios likely

The New Zealand Dollar declined by 42 basis points against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour simple moving averages during Friday's trading session.

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