EUR/USD recovers after new low

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


The EUR/USD decline reached a new low level, as the pair touched the 1.1120 mark at mid-day on Friday. However, in the afternoon, the pair sharply recovered, as it suddenly surged to the 1.1160 mark. Both of the mentioned levels have been marked on the pair's chart.

If the currency exchange rate passes above the 1.1160 mark, it could find resistance in the 50-hour simple moving average near the 1.1190 mark, before aiming at the resistance of the 1.1200 level.

On the other hand, a potential decline would have to first pass the 1.1120 level, before reaching the 1.1100 mark.
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Fri, 28 Jan 2022 13:55:56 GMT

GBP/USD bounces off support zone

Since mid-Thursday, the GBP/USD has been trading above the support of the 1.3360/1.3375 zone. At mid-day on Friday, the pair bounced off the support zone and suddenly surged to the 50-hour simple moving average at 1.3425. A move above the 50-hour simple moving average could find resistance in the combination of the weekly S2 simple pivot point and the 100-hour

Fri, 28 Jan 2022 11:05:12 GMT

USD/CAD aims at 1.2800

The surge of the USD against the Canadian Dollar continues. The fuel for the surge is provided by the fact that the US Fed revealed that it would hike interest rates and reduce its balance sheet. Meanwhile, the Canadian monetary policy remains unchanged. On Friday, the currency exchange rate was already approaching the 1.2800 mark. In addition, take into account

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