EUR/USD declines below 1.1300

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Source: Dukascopy Bank SA


On Monday, the EUR/USD currency exchange rate fluctuated sideways in the 1.1260/1.1300 range. Note that the pair was ignoring the support and resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1283.

If the currency pair surges, it could test the resistance of the 1.1320/1.1333 zone, which provided the EUR/USD with resistance on November 19 and November 26. A passing of the zone might result in a test of the weekly R1 simple pivot point at 1.1378.

On the other hand, a decline would find support in the 50-hour simple moving average at 1.1260, the 1.1250 mark and the 100-hour SMA near 1.1240. Moreover, the weekly S1 simple pivot point was located at 1.1231.
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Mon, 29 Nov 2021 14:09:40 GMT

GBP/USD respects weekly pivot point

The weekly simple pivot point and the high level zone at 1.3364/1.3370 has provided the GBP/USD pair with enough resistance for the rate to decline. Namely, during the first half of Monday's trading hours, the currency rate passed below the 100-hour SMA at 1.3340 and the 50-hour simple moving average at 1.3326. In the case that the rate continues to

Mon, 29 Nov 2021 09:29:51 GMT

USD/CAD bounces off 1.2800 mark

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