EUR/USD surges due to fundamentals

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


The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally.

In the case that the pair continues to surge, it would face resistance at the following levels. 1.0200 mark, weekly R2 simple pivot point at 1.0256, the 1.0300 and 1.0350 levels and the combination of the 1.0400 mark and the weekly R3 simple pivot point at 1.0398.

However, a potential decline of the Euro against the US Dollar might find support in the weekly R1 simple pivot point and the 1.0150 level. Further below, note the 1.0000 mark and the 50-hour simple moving average. Even further below, the 1.0000 mark, the weekly simple pivot point and the 100 and 200-hour simple moving averages could stop a decline.
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Mon, 12 Sep 2022 08:17:24 GMT

GBP/USD recovery reaches 1.1700

The recovery of the Pound of the US Dollar continues. On Monday, the pair reached the 1.1700 level and the weekly R1 simple pivot point. A move above 1.1700 would most likely encounter resistance in the 1.1715/1.1760 zone. Higher above, take into account the weekly R2 simple pivot point at 1.1790 and the 1.1800 mark. Afterwards, the 1.1850 and 1.1900

Fri, 09 Sep 2022 12:49:08 GMT

USD/CAD declines to 1.3000

The USD/CAD eventually passed below the 1.3060/1.3075 zone, which managed to hold as support for eight hours. On Friday, the pair shortly reached below the 1.3000 mark, before a recovery appeared to have started. By the middle of the day's European trading, the rate had reached the 1.3030 level. An extension of the US Dollar's recovery against the Canadian Dollar

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