EUR/USD passes support

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


During the early hours of Tuesday's trading, the support of the 1.1763 level failed and the EUR/USD declined. By the middle of the day, the rate had reached below the 1.1750 mark.

In the near term future, the rate could extend its decline and reach for the support of the weekly S1 simple pivot point at the 1.1722 level. If this level fails to provide support, the rate most likely would reach for the 61.80% Fibonacci retracement level at 1.1707 and the 1.1700 mark.

On the other hand, the rate could consolidate and trade sideways below the 1.1750 level until it is caught up with by the 55-hour simple moving average. The SMA stopped the rate's recovery attempts since late Friday.
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Tue, 30 Mar 2021 10:54:48 GMT

GBP/USD ignores technical levels

As the rate tested the upper trend line of the channel up, suddenly a decline started at mid-day on Monday. The sharp decline down ignored the support of the 200-hour simple moving average, the support zone below the 1.3820 level and the weekly simple pivot point at 1.3780. Afterwards, short term support and resistance was being provided by the 55 and

Tue, 30 Mar 2021 08:38:28 GMT

NZD/USD pressured by 50– hour SMA

The New Zealand Dollar edged higher by 41 pips or 0.59% against the US Dollar on Monday. The 50– hour simple moving average pressured the currency pair higher during yesterday's trading session.

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