EUR/USD recovers to 1.1200

Source: Dukascopy Bank SA


On Monday, the EUR/USD currency exchange rate recovered and reached the 1.1200 mark. The rate had reached the level by finding support in the 50-hour simple moving average and the 1.1150 level.

If the rate passes above the 1.2000 mark, it could find resistance in the weekly simple pivot point at 1.1208 and the 100-hour simple moving average. Above these levels, there is a resistance zone at 1.1228/1.1235.

On the other hand, a decline would have to pass the 50-hour simple moving average and the 1.1150 mark, before reaching for the January low levels above 1.1120.
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Mon, 31 Jan 2022 14:53:52 GMT

GBP/USD reaches 1.3450

The GBP/USD pair touched the 1.3450 mark at mid-day on Monday. However, the round exchange rate level acted as resistance and caused a retracement to the 1.3400 level and the 50-hour simple moving average. In the meantime, some resistance was being provided by the 100-hour simple moving average and the weekly simple pivot point near 1.3440. In the case that the

Mon, 31 Jan 2022 12:19:22 GMT

USD/CAD finds support at 1.2725

The USD/CAD currency exchange rate broke the channel up pattern, which captured the FOMC caused surge. The breaking of the pattern occurred due to a narrow resistance zone near the 1.2800 mark. The event was followed by a decline, which appeared to have ended by mid-Monday. Namely, the pair found support in the January 28 low levels and the 1.2725

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