EUR/USD trades in 30 pip range

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the middle of Monday's trading, the EUR/USD has traded sideways between the support of the 1.1910/1.1915 and the resistance of the 1,940.00 level. In addition, resistance was being provided by the 55 and 100-hour simple moving averages.

In the near term future, the rate could be pushed through the support of the 1.1910/1.1915 zone by the resistance of the 55 and 100-hour simple moving averages. The SMAs began to provide resistance to the pair on Tuesday morning. In the case of the rate declining, it would have no technical support as low as the weekly S1 simple pivot point at 1.1865.

On the other hand, if the SMAs fail, the rate would most likely test the first resistance of the 1.1940 level and afterwards the 1.1960 mark. Both of these levels had provided resistance to the rate during Friday's trading.
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Tue, 16 Mar 2021 10:02:42 GMT

GBP/USD passes support zone

The GBP/USD has passed the support of the zone that kept it up since March 10. On Tuesday morning, the pair reached the support of the weekly S1 at 1.3813. In the meantime, it was spotted that the 55-hour SMA and the resistance of the weekly simple pivot point caused the most recent decline, which pushed through the mentioned support

Tue, 16 Mar 2021 08:36:40 GMT

NZD/USD breakout occurs

The New Zealand Dollar declined by 39 pips or 0.54% against the US Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.

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