EUR/USD jumps on Monday

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


At the start of Monday's trading, the EUR/USD started a surge, which by the middle of the day had almost reached the 1.2050 mark. The surge started in the aftermath of the rate finding support in the zone below the 1.1950 mark.

In the case of the surge continuing, the pair could find resistance in the weekly R2 simple pivot point at 1.2075 and afterwards the 1.2100 level, which provided resistance in early March.

On the other hand, a potential decline could look for support in the zone just below the 1.2000 mark and the 55 and 100-hour simple moving averages.
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Mon, 19 Apr 2021 11:22:40 GMT

GBP/USD trades above 1.3915

On Monday, the GBP/USD started the week with an extension of Friday's surge. Namely, the rate confirmed previous resistance near 1.3800 as support and resumed the surge that started just before mid-day on Friday. In the near term future, the rate was expected to continue to surge, as it had passed the resistance near 1.3900. Next target for a surge was

Mon, 19 Apr 2021 08:07:08 GMT

USD/CAD decline likely to continue

The US Dollar has declined by 80 pips or 0.63% against the Canadian Dollar since last Friday. The currency pair breached the support level at 1.2487 during the London session on Monday.

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