EUR/USD recovers on Tuesday

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


During Tuesday's trading hours, the EUR/USD continued to recover, as by mid-day the rate had reached the 1.1280 mark. Meanwhile, it was spotted that the rate had reached above the 200-hour simple moving average, which appeared to have started to act as support.

If the 200-hour simple moving average causes a surge, the pair would most likely test the resistance of the weekly R1 simple pivot point at 1.1293, before reaching the 1.1300 mark. A move above the 1.1300 level would have no technical resistance as high as the 1.1365 level, which acted as resistance in December.

On the other hand, a decline below the 200-hour SMA and the 1.1250 mark could result in a decline to the weekly simple pivot point at 1.1208. In addition, take into account the 50 and 100-hour simple moving averages near the 1.1200 mark.
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Tue, 01 Feb 2022 13:34:04 GMT

GBP/USD pierces 1.3500 mark

At mid-day on Tuesday, the GBP/USD currency exchange rate passed the resistance of the 1.3500 mark and shortly fluctuated above this level. Afterwards, the pair retraced to the 1.3480 mark. If the currency exchange rate continues to decline, it could look for support in the weekly simple pivot point at 1.3443 and the 50 and 100-hour simple moving averages near

Tue, 01 Feb 2022 09:49:02 GMT

USD/CAD declines below 1.2700

Eventually, the USD/CAD passed the support of the zone at 1.2713/1.2724, the weekly simple pivot point at 1.2709 and the 1.2700 mark. By the middle of Tuesday's European trading hours, the currency rate had almost reached the 1.2650 level. If the pair declines below the 1.2650 mark, the rate could look for support in the 200-hour simple moving average at 1.2640,

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