EUR/USD declines to 1.2000

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


By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had declined to the support of the 100-hour simple moving average and the 1.2000 mark.

In the near term future, if the rate passes the support of the 1.2000 level, it would look for support in the March and April high level zone that surrounds the 1.1990 level. If this level would be passed, the rate could reach for the 200-hour simple moving average near 1.1965.

On the other hand, a potential recovery of the rate most likely could encounter resistance in the combination of the weekly R1 simple pivot point and the 55-hour simple moving average at 1.2030. Afterwards, the weekly R2 and the 1.2080 level could provide resistance.
Back to articles

Actual Topics

Wed, 21 Apr 2021 10:12:56 GMT

GBP/USD retreats below SMA

During the European night and Asian trading hours, the GBP/USD currency exchange rate retreated below the support of the 55-hour simple moving average. Afterwards, up to the middle of the day, the SMA was providing the pair with resistance. If the rate bounced off properly from the resistance of the 55-hour simple moving average, it would most likely look for support

Wed, 21 Apr 2021 08:04:01 GMT

USD/CAD bulls likely to prevail

Upside risks dominated the US Dollar against the Canadian Dollar on Tuesday. The USD/CAD currency pair edged higher by 137 pips or 1.10% during yesterday'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.