EUR/USD breaks resistance levels

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


On Tuesday morning, the EUR/USD found support in the 1.1260/1.1267 zone, which has kept the rate up since December 8. By the middle of the day's GMT trading hours, the pair had almost reached the December 10 high levels above the 1.1320 mark.

If the rate would pass the resistance of the 1.1320 mark, the EUR/USD could reach for the December high level zone at 1.1355/1.1360. Above the zone, the weekly R1 simple moving average at 1.1373 might stop a potential surge.

On the other hand, a bounce off from the resistance could cause a decline. A potential decline might look for support in the technical levels at 1.1290/1.1300. In that range the 50, 100 and 200-hour simple moving averages were located together with the weekly simple pivot point. Below these levels, the support zone at 1.1260/1.1267 might stop a decline.
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Tue, 14 Dec 2021 11:30:22 GMT

GBP/USD finds support in trend line

On Tuesday, the GBP/USD found support in the trend line, which connects the December 8 and 9 low levels. By the middle of the day, the rate had reached and pierced the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.3245. A continuation of the surge of the rate would most likely reach the resistance

Tue, 14 Dec 2021 09:15:25 GMT

USD/CAD approaches high level zone

The surge of the USD against the Canadian Dollar continues, as on Tuesday morning the USD/CAD rate reached above the 1.2800 mark. In the near term future, the rate was expected to test the resistance of the December high level zone at 1.2835/1.2853 and the weekly R1 simple pivot point at 1.2840. If the USD/CAD pair reaches above the 1.2853

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