EUR/USD once again recovers

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Source: Dukascopy Bank SA


The support zone at 1.0960/1.0970 has once again held and caused a surge up to the 1.1040 mark. Meanwhile, it was observed on Friday that, despite managing to impact the EUR/USD rate, the technical levels in the 1.1000/1.1027 range fail to reverse the pair's direction. Eventually, the technical levels fail.

If the EUR/USD currency pair drops below 1.1000 mark, the rate could once again look for support in the 1.0960/1.0970 zone. Below the support zone, note the weekly S1 simple pivot point at 1.0917 and the March 11 and 14 low levels near the 1.0900 mark.

However, a potential surge above 1.1040 is expected to encounter resistance at the high level zone at 1.1066/1.1072.
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Fri, 25 Mar 2022 13:58:37 GMT

GBP/USD finds support in SMA

Most recently, the GBP/USD has been fluctuating around the 1.3200 mark. Meanwhile, the pair was by large ignoring the 50 and 100-hour simple moving averages and a March resistance and support zone at 1.3195/1.3210. On Friday morning, the pair declined to the 200-hour simple moving average near 1.3160. Form that level a recovery back up to the 1.3200 level occurred.

Fri, 25 Mar 2022 11:15:31 GMT

USD/CAD breaks pattern

On Thursday, the USD/CAD currency exchange rate dropped below the lower trend line of the channel down pattern, which has guided the pair since March 17. However, the decline stopped at the 1.2510 mark, before the pair retraced to the 1.2550 level. Since Thursday afternoon, the pair has been fluctuating in the 1.2520/1.2550 range. Meanwhile, the 50-hour simple moving average

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