EUR/USD reaches 1.1830 level

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


The EUR/USD has clearly passed the previous August high level near 1.1800. On Tuesday morning, the currency exchange rate reached the 1.1830 level. After reaching the 1.1830, the pair began to consolidate.

In the near term future, the pair could trade sideways until it is approached by the support of the 55 and 100-hour simple moving averages. The SMAs could provide support and push the rate into the resistance of the weekly R1 and weekly R2 simple pivot points at 1.1837 and 1.1875.

However, the rate might also consolidate its gains by retracing back down and look for support in the 1.1800 level and the previous August high levels.
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Tue, 31 Aug 2021 09:33:11 GMT

GBP/USD books new high

The GBP/USD has passed the August high level zone and reached the 1.3800 level. During Tuesday's early London trading hours, the rate had retraced back down and looked for support. The pair could gain support from the 55 and 100-hour simple moving averages or the previously passed August high level zone. A resumed surge of the GBP/USD would have to

Tue, 31 Aug 2021 06:39:40 GMT

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