EUR/USD remains in previous range

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


On Thursday, the EUR/USD currency exchange rate remained near previous day's trading levels, as the pair fluctuated between 1.1310 and 1.1350. In the meantime, the 100-hour simple moving average had caught up with the rate and provided support.

If the 100-hour simple moving average manages to push the EUR/USD up, the rate could pass the 1.1360 level and aim at the 1.1380 level. The 1.1360 provided resistance on Wednesday. Meanwhile, the 1.1380 acted as resistance during the high volatility that was caused by the head of the Fed Jerome Powell.

On the other hand, a decline of the rate below the 100-hour SMA might result in a decline to the weekly simple pivot point at 1.1282 and the 200-hour simple moving average near 1.1272. However, take into account that the pivot point did not impact the rate during the first part of this week's trading.
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Thu, 02 Dec 2021 14:10:23 GMT

GBP/USD finds support in pivot point

On Wednesday, the GBP/USD pair's decline found support in the weekly S1 simple pivot point at 1.3264. The pivot point provided enough support for a recovery to start. By the start of Thursday's US trading session, the rate had reached the resistance of the 200-hour simple moving average near 1.3340. If the pair passes the resistance of the 200-hour simple moving

Thu, 02 Dec 2021 09:30:44 GMT

USD/CAD recovers after piercing support levels

On Wednesday, the USD/CAD shortly pierced the combined support of the 1.2720/1.2732 zone and the lower trend line of the November channel up pattern. Although, afterwards the rate recovered to the 1.2830 level, which provided resistance. The resistance was enough for a retracement down to occur. By the start of Thursday's European trading hours, the pair had reached the 1.2780

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