EUR/USD bounces off 1.1670

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Source: Dukascopy Bank SA


The EUR/USD made another attempt to pass the resistance of the 1.1670 level. The pair failed and began a decline. By the start of Thursday's US trading hours, the currency exchange rate fluctuated around the weekly R1 simple pivot point and the 55-hour simple moving average.

If the rate surges, it would once again test the resistance of the 1.1670 level. A passing of the 1.1670 mark could result in the rate reaching the weekly R2 simple pivot point at 1.1685.

On the other hand, a potential decline could look for support first in the 100-hour simple moving average near 1.1630. Afterwards, the zone of previous week's high levels and this week's low level might provide additional support at 1.1617/1.1625.
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Thu, 21 Oct 2021 14:32:23 GMT

GBP/USD remains below 1.3830

The resistance of the weekly R1 simple pivot point and the 1.3830 mark has continued to keep the rate down. On Thursday, a decline of the rate retreated to 1.3800 and shortly traded below the round exchange rate level before slightly recovering. In the meantime, by connecting the Wednesday and Thursday low levels and combining it with the resistance of the

Thu, 21 Oct 2021 05:57:08 GMT

USD/CAD decline to continue

The US Dollar declined by 56 pips or 0.45% against the Canadian Dollar on Wednesday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.

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