EUR/USD reaches above 1.0850

Source: Dukascopy Bank SA


Step by step, the EUR/USD moves higher, as the pair has reached above 1.0850 on Wednesday.

An extension of the ongoing decline might encounter resistance in the 1.0900 level, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range.

On the other hand a decline of the Euro against the US Dollar might look for support in the 50 and 100-hour simple moving averages near 1.0820, the weekly simple pivot at 1.0772, the support and resistance zone at 1.0735/1.0760 and the ascending 200-hour SMA.
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Wed, 29 Mar 2023 14:29:10 GMT

GBP/USD passes resistance levels

On Wednesday, the GBP/USD currency exchange rate passed above the technical levels that are spread out from 1.2325 up to 1.2350. However, the move was followed by a consolidation in the 1.2300/1.2360 range. A resumption of the surge of the Pound against the US Dollar might result in the pair testing the resistance of the weekly R2 simple pivot point at

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