EUR/USD returns to resistance

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


The EUR/USD found support in the zone of the mid-April high levels before starting a surge. By the start of the Friday's US trading hours, the currency exchange rate had already reached the resistance of the weekly R2 simple pivot point, which reversed the rate's surge on April 20.

In the near term future, if the pair passes the resistance of the weekly S2 at the 1.2075 level, the rate could find resistance in 1.2080. If the 1.2080 level does not hold, the 1.2100 could be reached.

On the other hand, a decline would most likely look for support in the 55 and 100-hour simple moving average and the weekly R1 simple pivot point near 1.2030. If the 1.2030 support fails, the 200-hour SMA and the 1.2000 mark could reverse a decline.
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Fri, 23 Apr 2021 14:44:59 GMT

GBP/USD is between SMAs

On Friday, the GBP/USD currency exchange rate began to trade sideways between the support of the 200-hour simple moving average at 1.3855 and the resistance of the 55-hour SMA at 1.3893. In the case of the rate breaking out of the squeeze to the downside, the rate would most likely look for support first in the 1.3800 level and afterwards

Fri, 23 Apr 2021 07:56:29 GMT

USD/CAD two scenarios likely

The US Dollar declined by 38 pips or 0.30% against the Canadian Dollar on Thursday. The USD/CAD currency pair found support at 1.2476 during yesterday's trading session.

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