EUR/USD support zone holds

Source: Dukascopy Bank SA


The support of the zone above the 1.1750 mark has held and caused a recovery of the EUR/USD currency exchange rate. By the middle of Monday's European trading hours, the pair had reached the resistance of the 1.1800 mark.

In the case that the surge would continue, the currency exchange rate might reach for the resistance of the weekly R1 simple pivot point at 1.1819 and the late July high level zone above the 1.1820 level.

On the other hand, a potential decline would look for support in the 55 and 100-hour simple moving averages near 1.1775 and afterwards, the support zone near 1.1750.
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Mon, 26 Jul 2021 09:49:49 GMT

GBP/USD breaks pattern

On Monday morning, the GBP/USD currency exchange rate broke the large scale channel down pattern, which had guided the rate since the start of July. In the near term future, the surge of the rate could reach for the resistance of the 1.3800 mark, which provided both resistance and support throughout July. Afterwards, the weekly R1 simple pivot point at 1.3835

Mon, 26 Jul 2021 07:00:42 GMT

USD/CAD remains below 200– hour SMA

The US Dollar declined by 35 pips or 0.28% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.

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