EUR/USD bounces off 1.0080

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


The fundamental recovery of the EUR/USD eventually found resistance in the 1.0080 level. The 1.0080 level and the Friday's high level have been marked as a resistance zone. Meanwhile, the recent low levels have been charted to show a support zone. At mid-day on Thursday, the pair traded between the two zones at 1.0080/1.0090 and 0.9970/0.9980.

In the case of a decline below 0.9970/0.9980, the currency pair might look for support in the August low level zone at 0.9900/0.9915. Below the month's low levels, the weekly S1 simple pivot point at 0.9878 might stop a decline.

However, a potential recovery and move above 1.0080/1.0090 would face resistance at 1.0097, 1.0100, 1.0123 and 1.0142. These levels have acted as support and resistance during early August trading.
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Thu, 01 Sep 2022 10:53:06 GMT

GBP/USD extends decline

The weekly S2 simple point's and the 1.1600 level's support held for half a day, before September started and the rate declined further. By the middle of Thursday's trading, the pair was heading to the 1.1550 level. A decline of the GBP/USD currency pair might look for support in the 1.1500 mark. Further below, take into account the weekly S3 simple

Wed, 31 Aug 2022 17:30:50 GMT

USD/CAD recovers and breaks resistance

Despite moving below the 1.3000 mark and technical levels below it, the USD/CAD started a recovery once it reached the 1.2975 level. The recovery eventually reached above the 1.3060/1.3075 zone and even confirmed it as support. During late Wednesday's trading, the support zone was still active and resistance was found in the 1.3140 level. A move below the 1.3060/1.3075 range might

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