EUR/USD bounces off 1.1040 level

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Source: Dukascopy Bank SA


The combined resistance of the 1.1040 level and the 100-hour simple moving average was enough to cause a decline of the EUR/USD. By the middle of Wednesday's trading hours, the rate had reached below the 1.1000 mark. In the near term future, the pair might approach the 1.0960 level, which acted as support on Monday.

If the Euro passes below the 1.0960 mark against the US Dollar, the rate might look for support in the weekly S1 simple pivot point at 1.0917. Further below, take into account the March 11 and 14 low levels near the 1.0900 level.

Meanwhile, a recovery of the currency exchange rate might encounter resistance in the moving averages and the weekly simple pivot point in the 1.1007/1.1040 range, before approaching the high level zone at 1.1066/1.1072.
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Wed, 23 Mar 2022 13:19:16 GMT

GBP/USD touches 1.3300 mark

During the night to Wednesday, the GBP/USD currency exchange rate reached the 1.3300 mark. The 1.3300 level acted as resistance and caused a decline. The following sharp decline reached below the 1.3200 mark by the start of the day's US trading hours at 13:30 GMT. Moreover, the pair reached below the zone of the March high levels at 1.3195/1.3210. Meanwhile,

Wed, 23 Mar 2022 11:24:40 GMT

USD/CAD remains near support zone

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