EUR/USD is expected to decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Wednesday morning, the EUR/USD traded below the 1.1170 level. 

In general, the rate was expected to decline in the near term future. Namely, the currency exchange rate was set to meet with the resistance of the 100-hour simple moving average and a previously broken trend line, which began to provide resistance near 1.1165 during midnight. 

These resistance levels should cause a decline, which would decline as low as 1.1120. Down to that level there are no other technical support levels.  

On the other hand, high volatility and breaking of technical charts could be caused by the US Federal Reserve's Federal Open Markets Committee Meeting Minutes publication at 18:00 GMT. Watch the preview analysis done by our community member Skyisthelimit.
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Actual Topics

Wed, 22 May 2019 08:53:17 GMT

GBP/USD reaches new low level

After experiencing a sharp jump up and decline at the end of Tuesday's London trading session, the GBP/USD resumed its decline. By the middle of Wednesday's trading session the rate had reached below 1.2680.

Tue, 21 May 2019 08:55:01 GMT

NZD/USD moving towards target

The New Zealand Dollar has depreciated about 43 base points against the US Dollar since yesterday's trading session. The currency pair has been guided by the three moving averages since May 14.

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