EUR/USD finds support and recovers

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


The drop, which was caused by the ECB last week, eventually ended at the 1.0757 level. Most recently, on Tuesday the level acted as support and caused a recovery, which by the middle of Wednesday's trading had reached above 1.0860.

A continuation of the recovery of the Euro against the US Dollar might encounter resistance in the 1.0860 and 1.0880 levels, before approaching the 1.0900 mark and the weekly R1 simple pivot point at 1.0907. Higher above, note the April high level zone at 1.0920/1.0938.

On the other hand, a decline of the pair might look for support in the 200-hour simple moving average at 1.0840, the weekly simple pivot point at 1.0832. Further below, take into account the 50 and 100-hour simple moving averages near 1.0800. Below the 1.0800 level, note the post-ECB low level at 1.0757.
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Wed, 20 Apr 2022 12:34:55 GMT

GBP/USD reaches above technical resistance

The GBP/USD has found support in the April low level zone at 1.2975/1.2990. By the middle of Wednesday's trading hours, the pair had reached above various technical resistance levels and the 1.3060 mark. If the recovery of the Pound against the US Dollar continues, the currency pair might first find resistance in the 1.3100 mark, before approaching the weekly R1

Wed, 20 Apr 2022 09:17:29 GMT

USD/CAD looks for support at 1.2560

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