EUR/USD reaches pivot point

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


During the early trading of Wednesday's European trading hours, the EUR/USD currency exchange rate reached the support of the weekly S1 simple pivot point at 1.1061. The pivot point managed to cause a recovery of the rate, as by 13:00 GMT the currency pair had reached back above the 1.1100 mark.

If the pair continues to surge, it would have to pass the resistance zone at 1.1107/1.1127. Above the resistance zone, the 50 and 100-hour simple moving averages could provide resistance near the 1.1150 mark, before the pair returns to the 1.1200 level.

However, a decline of the Euro against the US Dollar might once again look for support in the weekly S1 simple pivot point at 1.1061. Below the pivot point, the 1.1050 mark could provide support, before the pair declines to the February low level trend line.
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Wed, 02 Mar 2022 13:15:10 GMT

GBP/USD finds support in February low

On Tuesday, the squeeze of the GBP/USD currency exchange rate between the 50 and 100-hour simple moving averages resulted in a break-out downwards. During the early hours of Wednesday's trading, the pair found support in the February low level at 1.3275. By the start of the day's US trading at 14:30 GMT, the rate had recovered and touched the 1.3330

Wed, 02 Mar 2022 09:56:17 GMT

USD/CAD surges back above 1.2700

Despite passing below the weekly S1 simple pivot point at 1.2667, the USD/CAD found support and recovered on Tuesday. Namely, the currency exchange rate was supported by the 1.2650/1.2660 zone, which had supported the rate during the first half of February. During Wednesday's first half of trading, the pair was fluctuating between the 50 and 200-hour simple moving averages at

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