EUR/USD surges above 0.9850

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


The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level.

An extension of the ongoing surge of the Euro against the US Dollar could encounter resistance in the weekly R2 simple pivot point at 0.9897 and the 0.9900 mark. Higher above, the 1.0000 parity level might once again act as resistance.

Meanwhile, a decline of the currency pair is expected to look for support in the weekly R1 simple pivot point at 0.9807 and the 0.9800 level. Below these levels note the 50, 100 and 200-hour simple moving averages.
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Tue, 18 Oct 2022 08:32:40 GMT

GBP/USD breaks resistance zone

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