EUR/USD surges above 1.2100

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Source: Dukascopy Bank SA


On Friday morning, the EUR/USD passed the resistance of the weekly simple pivot point and the 100 and 200-hour simple moving averages, which were located near the 1.2100 level.

In the near term future, the rate was expected to test the resistance of the weekly R1 simple pivot point at 1.2175. In addition, note that the 1.2180 level should provide resistance, as it had done so in the recent past.

If the 1.2175/1.2180 zone holds, the rate should decline back to the 1.2100 mark. On the other hand, the weekly R3 at 1.2227 could be reached in the case of a breaking of the mentioned resistance levels.
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Fri, 19 Feb 2021 09:46:44 GMT

GBP/USD passes above 1.4000

The GBP/USD managed to pass the resistance of the weekly R1 on Thursday. On Friday morning, the GBP had extended its gains against the USD, as the rate had reached above the weekly R2 simple pivot point and the 1.4000 mark. By reaching above the weekly R2 simple pivot point, the rate had no technical resistance as high as the weekly

Fri, 19 Feb 2021 08:08:55 GMT

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The New Zealand Dollar surged by 42 pips or 0.58% against the US Dollar on Thursday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.

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