EUR/USD continues to surge

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


On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201.

If the rate passes the support of the 1.2200 level, the pair could reach the 55-hour simple moving average at 1.2185 and afterwards the previous May high level zone at 1.2175/1.2180.

On the other hand, if the 1.2200 level holds, the rate would most likely surge and aim at the resistance of the 1.2245 level, the 1.2250 mark and the weekly R2 at 1.2257.
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Actual Topics

Wed, 19 May 2021 09:22:23 GMT

GBP/USD looks for support

On Wednesday, the GBP/USD currency exchange rate retreated to the support of the previous May high levels at 1.4160/1.4170. In addition, this zone was being strengthened by the 55-hour simple moving average, which was catching up with the rate. In the case that the rate passes the previous May high support zone at 1.4160/1.4170, the currency exchange rate could decline to

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