EUR/USD remains near 1.1900

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Source: Dukascopy Bank SA


The EUR/USD started the week by once again confirming the support of the 1.1890/1.1870 zone. It was followed up by another surge, which could test the resistance of the March 22 high levels near 1.1940.

In the case of the 1.1940 level failing, the currency exchange rate would most likely extend its surge and reach for the 1.2000 level. On the other hand, if the resistance holds, the pair could continue to trade in the zone between 1.1940 and 1.1890/1.1870.

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Mon, 12 Apr 2021 11:00:26 GMT

GBP/USD reaches above 1.3750

On Monday morning, the GBP/USD once again found support in the March and April low levels at 1.3670. It resulted in a surge, which passed the resistance of the 55-hour simple moving average and the resistance zone above the 1.3720 level. In the near term future, the rate was expected to test the combined resistance of the weekly simple pivot point

Mon, 12 Apr 2021 07:27:22 GMT

USD/CAD trades near resistance cluster at 1.2571

The US Dollar declined by 82 pips or 0.65% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.

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