EUR/USD trades below 1.1750

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Source: Dukascopy Bank SA


The EUR/USD found resistance on Wednesday in the 1.1760 level, which caused a decline to the 1.1715 level. In the meantime, the rate was being approached by the 100-hour simple moving average, which had reached the 1.1750 level.

In the near term future, the rate could be pushed down by the 100-hour simple moving average. The SMA could push the rate through the support of the 61.80% Fibonacci retracement level near 1.1705 and the 1.1700 level.

On the other hand, a failure of the SMA could result in a test first of the resistance zone above the 1.1760 mark and afterwards the 1.1790 and 1.1800 levels.
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Thu, 01 Apr 2021 09:33:14 GMT

GBP/USD ignores levels

It appeared on Thursday, that in addition to ignoring the technical levels the GBP/USD has started to also ignore the resistance and support of round exchange rate levels. Meanwhile, it was spotted that there is a resistance zone above the 1.3800 level. In the case of the resistance zone holding, the pair could trade sideways below the 1.3800 level or decline.

Thu, 01 Apr 2021 08:41:10 GMT

NZD/USD two scenarios likely

The New Zealand Dollar surged by 53 pips or 0.76% against the US Dollar on Wednesday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.

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