EUR/USD reaches above 1.0750

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


The rate eventually found enough support to surge above the weekly R2 simple pivot point at 1.0737 and the 1.0750 mark. On Friday morning, the currency pair appeared to have encountered minor resistance in the 1.0765 level.

A continuation of the recovery of the Euro against the US Dollar could encounter resistance in the 1.0800 and 1.0850 levels, before the weekly R3 simple pivot point at 1.0867 is tested. However, note that the pivot points are set to be recalculated on Monday morning.

Meanwhile, a potential decline of the pair might look for support in the combination of the 1.0750 mark and the weekly R2 simple pivot point at 1.0737. Further below, take into account the combination of the 50 and 100-hour simple moving averages at the 1.0700 mark. Below the 1.0700 level, the 1.0650 and the weekly R1 simple pivot point at 1.0649 might act as support.
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Actual Topics

Fri, 27 May 2022 07:07:42 GMT

GBP/USD reaches new May high

On Thursday, the GBP/USD rate continued to find support in the 1.2555/1.2560 zone and resistance in the May high level zone at 1.2600/1.2640. At midnight to Friday GMT timezone, the May high level zone failed to hold and the pair surged to the 1.2665 level, which is a new monthly high. However, after reaching the high level, the pair appeared

Thu, 26 May 2022 15:03:25 GMT

USD/CAD declines below 1.2800

At mid-day on Thursday, the USD/CAD currency pair declined below the 1.2800 level. The 1.2800 was acting as support to the currency pair, as it made attempts at passing the resistance of the 1.2855/1.2885. If the rate declines, ti might look for support in the 1.2760 and 1.2780 levels, which acted as support during the early part of this week.

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