EUR/USD remains below 1.1900

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


Despite not facing any technical resistance on Monday, the EUR/USD currency exchange rate did not surge. The pair's attempt at moving higher on the chart was stopped by the 1.1880 level. The rate made two attempts to reach above the 1.1880 level before declining and finding support in the 100-hour simple moving average.

On Tuesday, the currency exchange rate fluctuated below the resistance of the 1.1880 level and the support of the weekly simple pivot point at 1.1852.

In the case that the rate passes the resistance of the 1.1880 level, the EUR/USD could reach for the 1.1900 mark and afterwards the weekly R1 simple pivot point at 1.1923.

On the other hand, a potential decline would look for support in the weekly simple pivot point at 1.1852 and the 100- and 200-hour simple moving averages.
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Tue, 13 Jul 2021 08:09:08 GMT

GBP/USD fails at surging

On Tuesday, the GBP/USD made another attempt to pass the zone above the 1.3900 mark. In the meantime, the rate revealed on Monday that the zone near 1.3840 manages to provide support. In the near term future, the pair could be pushed up by the support of the 55, 100 and 200-hour simple moving averages. A potential surge could once again

Tue, 13 Jul 2021 06:59:29 GMT

USD/CAD could maintain channel

The 50– hour simple moving average provided resistance for the USD/CAD currency pair on Monday. As a result, the US Dollar fell by 66 pips or 0.52% against the Canadian Dollar during Monday's trading session.

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