EUR/USD passes pivot point

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


The EUR/USD has passed the resistance of the weekly R1 simple pivot point at 1.1974. However, by the middle of European trading hours, the rate had not reached the 1.2000 level.

In the near term future, the rate was expected to reach the 1.2000 mark and test its resistance.

If the pair passes the 1.2000 mark, the pair could reach for the weekly R2 simple pivot point at 1.2046. On the other hand, a holding out of the 1.2000 could result in the pair trading sideways until the 55-hour simple moving average catches up from below and provides additional support.

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Thu, 15 Apr 2021 10:00:20 GMT

GBP/USD should get squeezed in

Since Wednesday's early trading hours, the GBP/USD has fluctuated between the 1.3800 mark and the 55-hour simple moving average, which had been pushing the rate up. The situation was expected to end with a squeeze in between the two mentioned levels. In the case of the 55-hour simple moving average pushing the rate through the resistance of the 1.3800 mark, the

Thu, 15 Apr 2021 08:16:22 GMT

USD/CAD breakout likely to occur

The US Dollar has declined by 90 pips or 0.71% against the Canadian Dollar since yesterday's trading session. The currency pair breached a support level at 1.2520 on Thursday morning.

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