EUR/USD reaches below 1.1900

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


On Monday morning, the EUR/USD declined below the support of the 1.1900 mark. Next target for the decline was the 1.1850 mark and the weekly S1 simple pivot point at 1.1838.

In the case of the mentioned support levels holding, the rate could recover and test the resistance of the 1.1900. In addition, this level could be soon reached by the 55-hour simple moving average.

On the other hand, in the case of the 1.1850/1.1838 levels failing to hold, the pair could first reach the 1.1800 mark and afterwards the 1.1756 level.
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Mon, 08 Mar 2021 10:02:30 GMT

GBP/USD tests resistance of 1.3870

The February 12 low level of 1.3775 provided the GBP/USD with support even before it was properly reached. The rate reversed its direction at mid-day on Friday. Since then, the rate has been testing the resistance of the 1.3830/1.3870 zone. However, it could be observed that most resistance was provided exactly by the 1.3870 level. In the near term future, the

Mon, 08 Mar 2021 09:21:21 GMT

NZD/USD decline likely to continue

On Friday, the New Zealand Dollar edged up by 55 pips or 0.77% against the US Dollar. The 50– hour simple moving average provided resistance for the currency pair during Friday's session.

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