EUR/USD plummets below 1.0200

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Source: Dukascopy Bank SA


At mid-day on Tuesday, the EUR/USD suddenly plummeted below 1.0200, as the rate sharply declined down to the 1.0110 level. Afterwards, a minor recovery started. By the middle of Wednesday's trading, the rate had reached the 1.0160 level.

However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on the size of the hike, the US Dollar is set to either surge or decline. Namely, the top fundamental event of them all is set to occur.

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Wed, 27 Jul 2022 13:02:54 GMT

GBP/USD retraces to support line

On Tuesday, the GBP/USD was highly volatile, as it bounced off the resistance of the weekly R1 simple pivot point at 1.2087 and plummeted down to the support line and the weekly simple pivot point at 1.1975. Afterwards, a sharp recovery followed. By the middle of Wednesday's trading, the exchange rate had reached back up to the weekly R1 at

Tue, 26 Jul 2022 11:29:30 GMT

USD/CAD pierces support zone

During the early hours of Tuesday's trading, the USD/CAD currency exchange rate passed below the support zone at 1.2820. However, almost immediately after the event a sharp recovery started. By the middle of the day's European trading, the pair was testing the combined resistance of the 1.2880 level and the 50 and 100-hour simple moving averages. A move above 1.2880 could

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