EUR/USD reconfirms dominant support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Tuesday the EUR/USD had remained in the previous trading session's range between 1.1365 and 1.1345. It had retreated to once more confirm the support of a dominant ascending pattern.  

The forecast for a surge up to the 1.1380 mark remains in force. In general, that level could be reached, if the 55 and 100-hour SMAs push the pair higher. 

However, the currency pair is too volatile for the mentioned simple moving averages to steadily push it higher. Moreover, the Brexit talks continue to cause moves on the EUR as often as the GBP.
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Tue, 26 Feb 2019 10:37:27 GMT

GBP/USD tests resistance at 1.3160

The GBP/USD surged, as soon as it passed the resistance of the 1.3100 level. Soon after the event the rate touched the weekly R1 at the 1.3149 level. By the middle of Tuesday's trading the rate was testing a strong resistance cluster at the 1.3160 level. 

Tue, 26 Feb 2019 10:07:52 GMT

NZD/USD decline insight

The New Zealand Dollar appreciated about 48 base points against the US Dollar on Monday. The exchange rate breached a triangle-like formation pattern during the previous trading session

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