EUR/USD bounces off weekly pivot point

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


The EUR/USD eventually reached the resistance of the weekly R1 simple pivot point at 1.0290. The pivot point acted as resistance and a decline followed. By the middle of Tuesday's trading, the currency pair had reached the 1.0220 mark, which acted as support.

In the case of the Euro resuming its recovery against the US Dollar, the pair might encounter resistance in the 1.0240 and 1.0260 levels, prior to once again testing the weekly R1 simple pivot point at 1.0290 and the 1.0300 mark.

However, a potential decline below 1.0220 could look for support in the 1.0200 mark and the 100 and 200-hour simple moving averages that are strengthening the round exchange rate level. Further below, note the weekly simple pivot point at 1.0193.
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Tue, 02 Aug 2022 10:35:16 GMT

GBP/USD meets resistance at 1.2293

On Monday, the GBP/USD currency pair encountered resistance in the weekly R1 simple pivot point at 1.2293. Afterwards, a decline followed, which by the middle of Tuesday's trading had reached below the 1.2200 mark. A continuation of the decline of the Pound against the US Dollar could find support in the 100-hour simple moving average near 1.2175, the 1.2150 mark and

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