EUR/USD reaches above 1.0000

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


On Thursday morning, the EUR/USD rate reached above the resistance zone of 0.9990/1.0020. In general, the markets were experiencing a broad decline of the US Dollar, which was attributed to the incoming central bank meeting in Jackson Hole, Wyoming.

An extension of the Euro's recovery, compared to the US Dollar might encounter resistance in the 1.0050 mark, the 200-hour simple moving average near 1.0075 and the 1.0100 level. Higher above, the 1.0123 level has been observed to be capable of acting as support and resistance. In general, there is a resistance level located each 25 pips above the pair.

On the other hand, a decline of the currency pair might find support in the 0.9990/1.0020 zone. Below the zone, take into account the 50 and 100-hour simple moving averages near 0.9985 and 0.9960. Afterwards, the 0.9950 level and the weekly S1 simple pivot point at 0.9954 could stop a decline, before the rate reaches the 2022 low levels at 0.9900/0.9913.
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Thu, 25 Aug 2022 08:16:09 GMT

GBP/USD reaches above resistance

The GBP/USD pair has revealed a support zone at 1.1717/1.1756. The zone captures this week's low levels. In the meantime, on Thursday morning, the rate reached above the resistance of the 100-hour simple moving average and the 1.1850 level. A continuation of the Pound's recovery against the US Dollar might encounter resistance in the 1.1900 mark, the weekly simple pivot point

Wed, 24 Aug 2022 12:16:50 GMT

USD/CAD returns to trade near 1.3000

On August 24, the USD/CAD rate recovered from the 1.2950 level up to 1.3000. In the meantime, the pair did not touch the support line of the channel up pattern, which has been guiding the pair since August 10. In the case of the pair moving higher, the rate would have to pass the resistance of the 50-hour simple moving average

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