EUR/USD breaks pattern

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


On Tuesday, the EUR/USD found support in the December 29 low level at 1.1275 and the 1.1280 mark. The following surge passed the resistance of the channel down pattern, which recently guided the pair down.

In addition, the technical resistance of the 50, 100 and 200-hour simple moving averages and the weekly S1 simple pivot point were passed. By the middle of Wednesday's European trading hours, the currency exchange rate had no technical resistance as high as the weekly simple pivot point at 1.1345.

A surge above the simple weekly pivot point at 1.1345 might test the resistance of the 1.1360 level and the zone below it. Higher above, take into account the December high levels at 1.1381/1.1386.

On the other hand, a potential decline could find support in the 100 and 200-hour simple moving averages near 1.1320. Afterwards, the weekly S1 might stop a decline near 1.1304. In addition, the 1.1300 mark and the 50-hour simple moving average might act as support.
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Wed, 05 Jan 2022 12:28:56 GMT

GBP/USD remains below December high

Starting from Tuesday up to the middle of Wednesday's trading, the resistance zone at 1.3550/1.3557 continued to hold, as the GBP/USD was making its third attempt at breaking it. Previous forecast scenarios remained unchanged. In the near term future, a move above the 1.3550 mark might aim at the weekly R1 simple pivot point at 1.3585. Afterwards, the 1.3600 mark could

Wed, 05 Jan 2022 09:24:09 GMT

USD/CAD reveals new support zone

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