EUR/USD pierces August high level

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


On Monday morning, the EUR/USD currency exchange rate pierced the August high level near the 1.1800 mark. However, by the middle of the day's European trading the event was not followed up by a surge.

In the case of a surge, the rate could reach for the resistance of the weekly R1 simple pivot point at 1.1837 and the weekly R2 simple pivot point at 1.1875. However, take into account that the 1.1850 mark could provide resistance.

On the other hand, a potential decline could look for support in the last week's high levels near 1.1775 and the 55-hour simple moving average. If the rate passes the support levels near 1.1775, the EUR/USD could almost immediately find more support at 1.1765. At the 1.1765 level the weekly simple pivot point and the 100-hour simple moving averages could provide additional support.
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Mon, 30 Aug 2021 10:16:50 GMT

GBP/USD tests monthly high level

On Monday morning, the GBP/USD currency exchange rate was testing the resistance of the August high level and the 1.3780 mark. In the meantime, the most close by technical support levels were located near the 1.3735 level. If the pair passes the resistance of the August high levels and the 1.3780 level, the 1.3800 could provide resistance. Above the 1.3800 mark,

Mon, 30 Aug 2021 06:38:32 GMT

USD/CAD decline could continue

On Friday, the US Dollar declined by 92 pips or 0.72% against the Canadian Dollar.

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