EUR/USD declines below 1.1300

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


The EUR/USD declined below the support of the 50 and 100-hour simple moving averages and the 1.1300 level, on Thursday. By the middle of Friday's trading, the rate had found support in the weekly simple pivot point at 1.1282 and recovered to the two SMAs at the 1.1315 level.

In the case that the rate breaks the resistance of the 50 and 100-hour simple moving averages at 1.1315, a potential decline could test this week's high levels at 1.1350, 1.1360 and 1.1380.

On the other hand, a decline might find support at the weekly simple pivot point at 1.1282 and the 200-hour simple moving average near 1.1280. Below these levels, the most close by support is the weekly S1 simple pivot point at 1.1231.
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Fri, 03 Dec 2021 11:13:45 GMT

GBP/USD passes support levels

At mid-day on Friday, the GBP/USD currency exchange rate pierced the support of the weekly S1 simple pivot point at 1.3264. The rate was pushed down initially on Thursday by the 200-hour SMA. On Friday, the 50-hour simple moving average provided resistance. A potential decline further below might look for support in the 1.3200 mark, which provided the pair with support

Fri, 03 Dec 2021 08:15:06 GMT

USD/CAD tests resistance zone

Since late Wednesday's trading session, the USD/CAD currency exchange rate has been testing the resistance of the 1.2830/1.2837 zone. Meanwhile, support was being provided by the 50-hour simple moving average and the zone that is located at the 1.2800 mark. In a scenario where the rate passes the resistance zone of 1.2830/1.2837, the pair could immediately find resistance in the

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