EUR/USD respects resistance of 1.0250

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


Since the middle of Monday's trading, the EUR/USD appears to have reduced the range of the pair's sideways trading, as the rate has been fluctuating between the 1.0200 and 1.0250 levels. In the meantime, on Tuesday it was observed that the 50 and 100-hour simple moving averages had begun to provide support to the pair.

If the Euro manages to surge against the US Dollar above the 1.0250 mark, the 1.0270/1.0280 zone might stop a potential surge, before the weekly R1 simple pivot point at 1.0301 and the 1.0300 mark are reached.

On the other hand, a decline of the pair below the 50 and 100-hour simple moving averages near 1.0210, the 1.0200 mark and the weekly simple pivot point at 1.0190 might look for support in the combination of the 200-hour SMA near 1.0160 and the 1.0150 level.
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Tue, 26 Jul 2022 08:06:11 GMT

GBP/USD encounters resistance in pivot point

At mid-day on Monday, the GBP/USD currency exchange rate managed to reach above the resistance zone, which surrounds the 1.2050 level. Since the event, the rate has been finding resistance in the weekly R1 simple pivot point at 1.2087. Meawnhile, the previous resistance zone was acting as support. If the Pound declines against the US Dollar, it might look for support

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