EUR/USD surged due to Fed

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


On Wednesday, at 18:00 GMT the EUR/USD started a surge, which was caused by the US Federal Reserve, which revealed that it would not hike interest rates and that monetary stimulus would remain intact. This beat down the USD and caused a surge to the 1.1990 mark. However, by the middle of Thursday, the rate had returned to the support of the 1.1910/1.1915 zone.

If the support zone holds, the rate would face the resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.1920/1.1930 zone. In the case of these technical levels not providing resistance, the pair might reach the 1.1950 level.

On the other hand, if the support zone fails to hold, the pair most likely would reach for the support of the zone above the 1.1880 level.
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Thu, 18 Mar 2021 15:43:55 GMT

GBP/USD tests 1.4000 mark

As the rate was declining and testing the support of the previously broken upper trend line of a channel down pattern, the Federal Reserve beat down the USD by making a monetary policy statement. Namely, the supply of the USD was revealed to remain plenty. It eventually resulted in a GBP/USD surge that reached the 1.4000 mark. The 1.4000

Thu, 18 Mar 2021 09:33:04 GMT

NZD/USD likely to make pullback

Upside risks dominated the New Zealand Dollar against the US Dollar on Wednesday. The currency pair edged higher by 107 pips or 1.50% during Wednesday's trading session.

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