EUR/USD looks for support

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


Since the middle of Thursday's European trading hours, the EUR/USD currency exchange rate has been trading above or in the zone of the October low levels at 1.1525/1.1538.

In the case that the rate passes the October low levels at 1.1525/1.1538, the pair could look for support in the 1.1500 mark. In addition, note the weekly S1 simple pivot point's support at 1.1501. Meanwhile, below the 1.1500 mark, a 50.00% Fibonacci retracement level could act as support near 1.1450.

However, a recovery from the October low level zone might encounter resistance in the 50, 100 and 200-hour simple moving averages at 1.1570, 1.1580, 1.1595. Moreover, the weekly simple pivot point acts as a resistance level at 1.1597.
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Fri, 05 Nov 2021 11:50:39 GMT

GBP/USD reaches September low levels

On Friday morning, the GBP/USD currency pair reached the zone of the September and October low levels at 1.3413/1.3433. A passing of the support zone at 1.3413/1.3433 would leave the pair with no close by technical support on the hourly candle chart. The pair could look for support in round exchange rate levels as the 1.3400 and 1.3350. However, take into

Fri, 05 Nov 2021 09:05:20 GMT

USD/CAD trades sideways

The USD/CAD reached the resistance of the 1.2452/1.2457 zone and passed it on Thursday. However, since the event, the rate has been trading sideways. Namely, the pair appears to be squeezed in between the support of the mentioned 1.2452/1.2457 zone and the resistance of the 1.2470/1.2472 levels. A breaking of the 1.2470/1.2472 resistance zone could reach for the 1.2500 mark.

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