EUR/USD approaches low level

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


On Wednesday morning, the EUR/USD was heading to the support of the September 30 low level at 1.1563/1.1568. Future forecasts were based upon whether or not the support zone holds.

If the EUR/USD passes the support of the 1.1563/1.1568 zone, the weekly S1 simple pivot point at 1.1532 could be reached. However, take into account that the 1.1550 mark might serve as a support level.

On the other hand, a recovery from the 1.1563/1.1568 zone might encounter resistance at 1.1600. The 55 and 100-hour simple moving averages are located near the 1.1600 level and could strengthen its resistance. Above the 1.1600 mark, the weekly simple pivot point at 1.1631 would likely provide resistance.
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Wed, 06 Oct 2021 07:36:20 GMT

GBP/USD tests support levels

The GBP/USD currency exchange rate declined on Wednesday morning below the 55 and 200-hour simple moving averages. The rate was testing the support zone of the 1.3575/1.3595 levels. If the rate continues to decline, it could find support in the weekly simple pivot point at 1.3563 and the 100-hour simple moving average at 1.3553. A passing below the technical levels would

Wed, 06 Oct 2021 05:04:31 GMT

USD/CAD fails to break 1.2560 level

On Tuesday, the US Dollar edged lower by 65 pips or 0.51% against the Canadian Dollar. The decline was stopped by the support level at 1.2560 during Tuesday's trading session.

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