EUR/USD reaches below 1.2100

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


On Monday morning, the EUR/USD started the week's trading by fluctuating near the 1.2100 mark. Note that the Friday's drop passed the support of the June low level and reached below the 1.2100 level. Due to that reason, an extension of the decline is possible.

In the near term future, the rate could trade sideways until it reaches the resistance of a channel down pattern near the 1.2120 level. In addition, the 55-hour SMA could provide additional resistance. Afterwards, a potential decline would aim at the weekly S1 simple pivot point at 1.2062.

On the other hand, a potential breaking of the resistance at 1.2120 could result in a test of the resistance of the weekly simple pivot point at the 1.2140 level.
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Mon, 14 Jun 2021 09:27:45 GMT

GBP/USD tests June low levels

On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level. In the case of the rate passing the support zone of the June low levels, the rate would most likely immediately find support in the weekly S1 simple pivot point at 1.4062. Afterwards, an extension

Mon, 14 Jun 2021 07:46:29 GMT

USD/CAD bounces off support

The USD/CAD currency pair bounced off the 200– hour simple moving average at 1.2084 on Friday. As a result, the exchange rate surged by 87 pips or 0.72% during Friday's trading session.

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