EUR/USD reaches above 1.0250

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Source: Dukascopy Bank SA


The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels.

If the rate resumes its surge, it would face the resistance of the 1.0270/1.2080 zone, prior to approaching the 1.0300 mark and the weekly R2 simple pivot point at 1.0304.

Meanwhile, a decline of the currency pair is highly likely going to find support in the 1.0190/1.0220 zone, the weekly R1 simple pivot point at 1.0193 and the 50-hour simple moving average. Further below, take into account the 100 and 200-hour simple moving averages near the 1.0100 mark.
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Wed, 20 Jul 2022 07:16:38 GMT

GBP/USD tests resistance zone

Since the middle of Tuesday's trading hours, the currency pair has been testing a resistance zone at 1.2035/1.2055. In the meantime, minor support appeared to be found in the 1.2000 mark. If the Pound manages to break the resistance zone of 1.2035/1.2055 against the US Dollar, the pair might encounter resistance in the 1.2100 and 1.2150 levels, prior to reaching the

Tue, 19 Jul 2022 13:33:45 GMT

USD/CAD trades around 1.2950

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