EUR/USD reacts to ECB policy

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


On Thursday, the EUR/USD currency exchange rate reacted to the ECB announcement of reducing stimulus with a surge. The rate shortly reached above the 1.1100 mark, before declining. By the start of the day's US trading at 14:30 GMT, the rate had reached the support of the 1.1000 mark. In addition, support was being provided by the weekly simple pivot point at 1.0995 and the approaching 50-hour simple moving average.

If the Euro recovers against the US Dollar, the pair would face resistance first in the 200-hour simple moving average at 1.1030. Afterwards, note the 1.1050 and 1.1100 levels. Higher above, the weekly R1 simple pivot point at 1.1126 might stop a surge.

However, a decline of the rate below the 1.1000 mark and the technical levels below the round exchange rate level is expected to look for support in the 1.0950 mark and the zone below it. In addition, the 100-hour simple moving average was located near 1.0940.
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Thu, 10 Mar 2022 15:19:05 GMT

GBP/USD finds resistance below 1.3200

During the late hours of Wednesday's trading, the GBP/USD currency exchange rate encountered resistance below the 1.3200 mark. The resistance was enough to cause a decline, which by 15:00 GMT had caused a decline below 1.3150. If the Pound continues to decline against the US Dollar, the rate would once again look for support in the 1.3084/1.3100 zone. The zone

Thu, 10 Mar 2022 11:48:37 GMT

USD/CAD finds support in 1.2800

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