EUR/USD reaches below low level zone

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Source: Dukascopy Bank SA


On Tuesday, the EUR/USD shortly reached below the recent low level zone and the 1.1260 level. However, the rate found support in the 1.1255 level before retracing up to the 50-hour simple moving average near 1.1280.

A decline from the 50-hour simple moving average and a passing of the 1.1260 and 1.1255 levels could result in a test of the support of the weekly S1 simple pivot point at 1.1246. Below the pivot point, the December low levels might stop a decline at 1.1230/1.1235.

If the Euro surges against the US Dollar, it would have to pass the resistance of the 50-hour simple moving average at 1.1279 and the 100 and 200-hour SMAs near 1.1290. Further above, note the weekly simple pivot point at 1.1300 and the recent high level zone above 1.1320.
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Wed, 15 Dec 2021 14:07:21 GMT

GBP/USD reaches high level zone

The GBP/USD currency exchange rate has reached the December high level zone at 1.3277/1.3289. At mid-day on Wednesday, the rate appeared to have been retracing down after encountering resistance. The pair was expected to reach the combined support of the weekly simple pivot point at 1.3243 and the 50, 100 and 200-hour simple moving averages near 1.3230. A potential move below

Wed, 15 Dec 2021 09:47:26 GMT

USD/CAD reaches above resistance zone

Eventually, the USD/CAD pair reached above the December high level zone and the weekly R1 simple pivot point at 1.2835/1.2853. On Wednesday morning, the rate confirmed the zone as support. Meanwhile, the rate has confirmed that it is trading in a channel up pattern, which has guided the USD against the CAD since December 8. A continuation of the surge of

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