EUR/USD retreats below 1.0200

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Source: Dukascopy Bank SA


The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark.

In general, on Thursday, technical analysis is set to be worthless, as today at 12:15 GMT the European Central Bank is set to hike its base interest rate and make a monetary policy statement. The Euro is set to be highly volatile.

In the meantime, take into account that the 1.0300 mark might act as resistance in the aftermath of high volatility. Meanwhile, round exchange rate levels like the 1.0150 and 1.0100 could provide support.
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Thu, 21 Jul 2022 07:41:08 GMT

GBP/USD resistance holds

The resistance zone, which is located near the 1.2050 mark, has held and caused a decline to the range at 1.1960/1.1970 and the 2019 low level. However, during the early hours of Thursday's European trading hours the rate appeared to be passing below the support zone. A potential extension of the decline of the Pound against the US Dollar might look

Wed, 20 Jul 2022 09:59:26 GMT

USD/CAD extends decline

The US Dollar has continued to decline against the Canadian Dollar. However, the pair has not plummeted by a lot, as the 1.2850 level is still acting as support. Meanwhile, resistance is provided by the weekly S1 simple pivot point at 1.2898 and the 1.2900 mark. An extension of the ongoing decline would have to pass the 1.2850 level, before reaching

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