EUR/USD breaks resistance

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


During Tuesday's afternoon, the EUR/USD broke the resistance cluster near the 1.1940 level. By the middle of Wednesday's trading hours, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 1.1974.

If the rate manages to pass the resistance of the weekly R1 simple pivot point at 1.1974, the EUR/USD would aim first for the 1.2000 and afterwards the 1.2046 level.

On the other hand, a holding of the pivot point would most likely result in a decline to the possible support of the 1.1940 level and afterwards the 55 and 100-hour simple moving averages.
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Wed, 14 Apr 2021 11:23:37 GMT

GBP/USD reaches 1.3800 mark

The GBP/USD currency exchange rate broke the resistance of the weekly simple pivot point, the 200-hour simple moving average and the resistance zone of the recent April high levels. It resulted in the rate testing the resistance of the 1.3800 mark. On Wednesday, the rate had bounced off the 1.3800 level and was heading to the support of the 55 and

Wed, 14 Apr 2021 08:19:22 GMT

USD/CAD decline likely to continue

During the first half of Tuesday's trading session, the US Dollar surged by 64 pips or 0.51% against the Canadian Dollar. Though, the currency pair erased the earlier gains at the end of the day.

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