EUR/USD trades sideways

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Source: Dukascopy Bank SA


Since Friday, the EUR/USD has traded sideways. On Monday, the borders of the sideways trading range were marked on the chart. The rate keeps finding support at 1.1433/1.1437. Meanwhile, resistance is being provided by the 1.1456/1.1464 zone.

If the pair resumes its decline and passes the support of the 1.1433/1.1437 zone, the EUR/USD might look for support in the 1.1400 level. Below the 1.1400 mark, the weekly S1 simple pivot point at 1.1384 might stop a decline.

On the other hand, a passing of the resistance zone at 1.1456/1.1464 might result in the rate testing the resistance of the weekly simple pivot point at 1.1497, the 100-hour SMA at 1.1498 and the 1.1500 mark.
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Mon, 15 Nov 2021 11:13:44 GMT

GBP/USD reaches above resistance zone

On Monday morning, the GBP/USD passed above the resistance of the 1.3410/1.3430 zone. However, a follow up surge did not occur. Instead, the pair started to trade in the zone. Meanwhile, support was being provided by the 50-hour SMA and the 1.3400 level. Resistance was provided by the 100-hour SMA at 1.3450 and the weekly simple pivot point at 1.3462. If

Mon, 15 Nov 2021 10:12:51 GMT

USD/CAD declines below support levels

The USD/CAD currency exchange rate ended its sideways trading on Friday noon. By the middle of Monday's trading, the pair had passed below the support zone at 1.2570/1.2575 and the 50-hour simple moving average near 1.2555. Next target for the decline was the weekly simple pivot point at the 1.2512 level. In the case that the rate finds enough support in

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