EUR/USD decline continues

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


The resistance of the 200-hour simple moving average was enough for the EUR/USD to resume its decline. The decline was slowed down only by the combination of the 50 and 100-hour SMAs and the weekly S1 simple pivot point at 1.0486. On Tuesday, the pair reached the 1.0450 level.

The decline of the Euro against the US Dollar is expected to continue. Support could be found in the 1.0450 level and the lower trend line of the channel down pattern.

On the other hand, a recovery of the currency pair is set to face resistance in the weekly S1 simple pivot point at 1.0486 and the 1.0500 mark. Higher above, note the combination of the 50 and 100-hour simple moving averages.
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Tue, 03 Oct 2023 14:21:03 GMT

GBP/USD reaches below 1.2100

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