EUR/USD bounces off 1.1850

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


The recovery of the EUR/USD failed to pass the resistance of the 1.1850 mark. It resulted in a decline, which eventually found support in the 1.1800 level. On Friday morning, the rate was trading sideways above the 1.1800 level.

In the case that the rate recovers it would face the resistance of the 55-hour simple moving average at 1.1815 first. Afterwards, the 100 and 200-hour SMAs near 1.1830 could provide resistance. Above the SMAs, the 1.1850 level could provide resistance.

On the other hand, a potential decline below the 1.1800 mark would look for support in the July low zone from 1.1773 to 1.1785.
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Fri, 16 Jul 2021 06:49:50 GMT

GBP/USD remains in range

The GBP/USD failed to pass the resistance zone near the 1.3900 level. Namely, the rate bounced off exactly the 1.3900 mark. This was followed by a decline to the support zone of the July 13 and 14 low levels just above the 1.3800 mark. Meanwhile, note that, by large, the rate ignores the hourly simple moving averages. In the near term

Fri, 16 Jul 2021 06:34:46 GMT

AUD/USD decline could continue

On Thursday, the 200– hour simple moving average pressured the AUD/USD currency pair lower. As a result, the Australian Dollar declined by 66 pips or 0.88% against the US Dollar.

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