EUR/USD recovers after reaching parity

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


Since reaching parity and declining as low as the 0.9960 level on July 14, the EUR/USD currency pair began a recovery. By the middle of July 18 European trading hours, the currency pair had reached the 1.0150 mark.

If the currency pair continues to surge, it is highly likely going to test the resistance of the 1.0190/1.0220 zone, which acted as resistance during the early trading of July. In addition, the weekly R1 simple pivot point at 1.0193 might strengthen the range. Higher above, note the 1.0250 mark and the resistance zone at 1.0270/1.0280.

On the other hand, a potential decline of the Euro against the US Dollar might look for support in the 1.0100 mark and the 200-hour simple moving average. Further below, note the weekly simple pivot point at 1.0073 and the 50 and 100-hour simple moving averages.
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Mon, 18 Jul 2022 08:30:32 GMT

GBP/USD recovers to last week's high

On July 14, the GBP/USD rate marked a new low level at 1.1760. Since the event, the pair has been recovering. On July 18, the currency rate had reached back up to the 1.1960/1.1970 zone, which marks the last week's high levels. A move above the 1.1970 mark could result in the pair testing the resistance of the 1.2000 mark and

Fri, 08 Jul 2022 10:02:14 GMT

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