EUR/USD reaches below 1.1900

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Source: Dukascopy Bank SA


The decline of the EUR/USD has reached below the 1.1900 level. Moreover, on Tuesday and Wednesday, the rate confirmed the 1.1910 level as resistance. In the near term future, the rate was expected to continue to decline.

In theory, the rate should aim at the technical support of the weekly S1 simple pivot point at 1.1866. In the case that this level gets passed, the pair could look for support in the 1.1850 mark and the June low levels.

On the other hand, if the pair manages to find support in the weekly S1 simple pivot point, the pair would surge. A potential surge would find resistance first in the 1.1910 level and afterwards the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.1913/1.1924 range.
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Wed, 30 Jun 2021 09:28:57 GMT

GBP/USD respects channel

The GBP/USD passed the support of the 1.3860 level and declined to the support of the lower trend line of the channel down pattern. The trend line provided the pair with enough support for a recovery to the 1.3860 level. The 1.3860 mark managed to provide enough resistance for the pair to decline. By the middle of Wednesday's trading, the

Wed, 30 Jun 2021 07:06:09 GMT

USD/CAD remains below 1.2400

The US Dollar edged higher by 65 pips or 0.53% against the Canadian Dollar on Tuesday. The currency pair tested the 1.2400 level during yesterday's trading session.

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