EUR/USD reveals new levels

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


The EUR/USD has confirmed the 1.0500 mark as support. Meanwhile, resistance is found at 1.0555/1.0565. In addition, the pair respects the hourly moving averages.

In the case of a decline of the currency rate the pair would have to pass below the 50-hour simple moving average at 1.0535, before approaching the support of the 1.0500 mark.

However, if the pair surges higher, it would have to break the resistance of the 1.0555/1.0565 range and the combination of the 100 and 200-hour simple moving averages at 1.0560.
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Tue, 17 Oct 2023 09:30:15 GMT

GBP/USD approaches support zone

The currency exchange rate has bounced off the resistance of the 1.2218/1.2225 range and declined to as low as 1.2150 during the early hours of Tuesday. An extension of the ongoing decline might look for support in the 1.2120 level and the zone above it. Further below, Note the two October low level zones at 1.2105/1.2110 and 1.2040/1.2050. In addition,

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