EUR/USD breaks triangle patter

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


The EUR/USD broke the triangle pattern in a sharp move upwards, as it should have happened in theory of the triangle. The surge ended at the 1.1365 level. From that level the currency exchange rate started a decline. By the middle of Monday's European trading hours, the rate had returned to the 1.1300 mark.

A further decline of the Euro against the US Dollar would need to pass the support of the weekly S1 simple pivot point at 1.1297. Afterwards, the pair could reach for the January low level zone at 1.1272/1.1277. Further below, the December 21 and 22 low levels might act as support at 1.1260/1.1265.

On the other hand, a recovery of the pair might find resistance in the combination of the 50, 100 and 200-hour simple moving averages near 1.1310/1.1320. Higher above, note the weekly simple pivot point at 1.1339.
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Mon, 10 Jan 2022 14:17:52 GMT

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On Monday morning, the GBP/USD currency pair tested the resistance of the 1.3600 mark. By the middle of the day's European trading hours, the pair had bounced off the resistance and returned to levels near 1.3550. Near the 1.3550 mark, the rate might find support in the 100-hour simple moving average and the weekly simple pivot point at 1.3542. A decline

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