EUR/USD fails to reach 1.2000

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


Instead of surging to the 1.2000 level the EUR/USD declined to the support of the 55-hour simple moving average. Moreover, at the start of Friday's GMT trading hours, the rate passed the support of the SMA.

During the early hours of the day, the rate traded below the combined resistance of the 55-hour SMA and the weekly R1 simple pivot point at 1.1974.

In the case of the rate breaking the resistance of these levels, the pair could reach the 1.2000 level. However, it was spotted that the rate faces a resistance zone from 1.1987 to 1.1994. This zone had provided resistance during the middle of March.

On the other hand, a potential decline would most likely look for support in the 100-hour simple moving average and the support zone near 1.1940.
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Fri, 16 Apr 2021 07:36:56 GMT

GBP/USD fails to pass 1.3800

After many attempts to pass the 1.3800 level and the zone above it, the GBP/USD currency exchange rate eventually declined. During the early hours of Friday's trading hours, the rate had reached the support of the zone near the 1.3720 mark. This zone had provided minor impact throughout April. If the zone continues to provide support, the rate could either trade

Fri, 16 Apr 2021 07:00:38 GMT

GBP/JPY decline to continue

The British Pound traded with low volatility against the Japanese Yen on Thursday. The GBP/JPY currency pair declined by 46 pips or 0.31% during yesterday's trading session.

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