EUR/USD breaks resistance

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


On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark.

In the near term future, the pair was expected to surge, as it had no technical resistance as high as the 1.2257 level, where the weekly R2 simple pivot point was located at.

However, take into account that round exchange rate levels could slow down the surge. That is considered as possible due to the 1.2220 level appearing to have started to provide resistance at 09:00 GMT.
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Tue, 18 May 2021 09:32:48 GMT

GBP/USD reaches above 1.4200

On Tuesday, the GBP/USD passed the resistance zone near 1.4160, the weekly R1 simple pivot point at 1.4181 and the 1.4200 mark. In the near term future, the currency exchange rate was expected to reach fort the 1.4250 level and the weekly R2 simple pivot point at 1.4258. In general, the rate should consolidate below these levels, as due to

Tue, 18 May 2021 07:53:45 GMT

USD/CAD pressured by 50– hour SMA

The US Dollar has declined by 114 pips or 0.94% against the Canadian Dollar since Monday's trading session. The currency pair breached the support level at 1.2068 on Monday.

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