EUR/USD recovers to 0.9980

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Source: Dukascopy Bank SA


The EUR/USD currency pairs recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning.

A move above the technical levels at 0.9980 could encounter resistance in the 1.0000 mark. Higher above, note the weekly R1 simple pivot point at 1.0050.

On the other hand, a resumption of the Euro's decline against the US Dollar might once again look for support in the 0.9900/0.9915 zone, prior to approaching the weekly S1 simple pivot point and the 0.9880 level. In the meantime, note that the rate has been ignoring the 50-hour simple moving average.
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Tue, 06 Sep 2022 07:44:00 GMT

GBP/USD recovers to 1.1600

The GBP/USD currency pair appears to have ended its steep decline, as it has recovered from 1.1450 up to the 1.1600 mark. During the surge, the rate passed the resistance of the 50 and 100-hour simple moving averages and the weekly simple pivot point. A move of the Pound higher against the US Dollar might encounter resistance in the 1.1650 level,

Mon, 05 Sep 2022 10:57:15 GMT

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