EUR/USD reaches 1.2080

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


The surge of the EUR/USD eventually reached the resistance of the 1.2080 mark and the weekly R2 simple pivot point at 1.2075. Afterwards, the rate declined and reached the support of the weekly R1 simple pivot point at 1.2032.

In the near term future, it was expected that the pair could test the resistance of the 1.2080 mark.

If the 1.2080 level and the weekly R2 fail to provide resistance, the rate could reach first for the 1.2100 level and afterwards the weekly R3 simple pivot point at 1.2156.

On the other hand, a decline could look for support first in the mentioned weekly R1 simple pivot point and the 55-hour simple moving averages. If these levels fail to keep the rate up, the 1.2000 mark could be reached. Note that the 1.2000 level was strengthened by the 100-hour SMA.
Back to articles

Actual Topics

Tue, 20 Apr 2021 14:37:57 GMT

GBP/USD reaches above 1.4000

In the aftermath of passing the 1.4000 mark, the GBP/USD found resistance in the 1.4010 level. On Tuesday, a retracement back down was taking place. It was spotted at mid-day that the 1.3950 mark was providing support. If the 1.3950 provides enough support for a renewal of the surge, the pair should test the 1.4000 mark, the mentioned 1.4010 level and

Tue, 20 Apr 2021 08:37:07 GMT

USD/CAD remains near 1.2500

The US Dollar surged by 68 pips or 0.55% against the Canadian Dollar on Monday. The currency pair tested the upper line of a descending channel pattern during Monday's trading session.

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.