EUR/USD passes support levels

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


Previously, the resistance of the 1.2100 mark held and caused a a decline. On Tuesday morning, the EUR/USD currency exchange rate had reached below the support of the zone near 1.2020 and the weekly S1 simple pivot point.

In theory, the pair should now decline to the weekly S2 simple pivot point at 1.1946. If this level gets passed, the 1.1900 mark would be aimed at. However, already on Tuesday morning, the rate found some support in the round exchange rate level of 1.2000.

In the case of the round exchange rate levels holding, the pair could consolidate by retracing back up or trading sideways.
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Tue, 02 Mar 2021 10:14:10 GMT

GBP/USD reaches support zone

The GBP/USD has been gradually declining, as it has been pushed down by the 55-hour simple moving average. On Tuesday morning, the rate had reached the support zone of the early February high and late February low level. In the case of the zone being passed, the rate could look for support in the weekly S1 simple pivot point at

Tue, 02 Mar 2021 09:33:29 GMT

NZD/USD decline likely to continue

The New Zealand Dollar edged up by 53 pips or 0.74% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during the London session on Tuesday.

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