EUR/USD remains below 1.1750

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


The EUR/USD bounced off the resistance of the 1.1750 level on Tuesday. By the middle of Wednesday's trading hours, the rate had been fluctuating between the 1.1720 level and the 1.1740 level. Meanwhile, the rate was being approached by the resistance of the 100-hour simple moving average from above.

In the case that the rate surges above the resistance of the 100-hour SMA and the 1.1750 level, the weekly simple pivot point at 1.1766 could be targeted. In addition, note the approaching 200-hour SMA at 1.1775.

On the other hand, a decline below the 1.1720 level might once again look for support in the 1.1700 level and the 61.80% Fibonacci retracement level at 1.1707. Afterwards, a decline might reach the weekly S1 simple pivot point at 1.1686.
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Wed, 22 Sep 2021 12:41:12 GMT

GBP/USD is pushed down by SMA

At midnight to Wednesday, the GBP/USD encountered and bounced off the combined resistance of the weekly S1 simple pivot point at 1.3676 and the 55-hour simple moving average at 1.3680. Afterwards, the rate began a step by step decline, which had no technical support as low as 1.3808. In the case that the rate declines, the GBP/USD could look for support

Wed, 22 Sep 2021 06:02:56 GMT

USD/CAD uptrend likely to continue

On Tuesday, the US Dollar surged by 84 pips or 0.66% against the Canadian Dollar. The currency pair breached the upper line of an ascending channel pattern at 1.2850 during Tuesday's trading session.

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