EUR/USD reaches March low level zone

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


During the second half of Monday's European trading hours, the EUR/USD broke the channel up pattern, which had guided the rate up throughout March. Moreover, on Tuesday, the lower trend line of the broken channel was confirmed as resistance.

In the meantime the breaking of the pattern did not result in a sharp decline, as support was immediately found in the late March low level zone at 1.0945/1.0965.

If the Euro recovers against the US Dollar, the currency exchange rate might encounter resistance in the previously passed trend line. However, it is more likely that the pair finds resistance in the combination of the 1.1000 mark and the 50-hour simple moving average. Above these levels, the 200-hour simple moving average at 1.1040 might stop a surge.

On the other hand, a decline would have to reach below the late March low level zone at 1.0945/1.0965, before approaching the weekly S1 simple pivot point at 1.0931. Further below, note the 1.0900 mark, which acted as support from March 11 up to March 14.
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Tue, 05 Apr 2022 09:43:41 GMT

GBP/USD breaks resistance levels

Despite piercing the support of the 1.3100 mark, the GBP/USD did not decline to the support of zone of the last week's low levels at 1.3052/1.3071. Instead, starting from GMT midnight hours to Tuesday, the rate started a surge. By the middle of the day's trading, the rate had broken the resistance of the weekly simple pivot point, the 50,

Tue, 05 Apr 2022 07:55:21 GMT

USD/CAD decline passes low level

On Monday, the USD/CAD confirmed the combination of the 50-hour simple moving average and the 1.2500 mark as resistance. Afterwards, a decline followed. By 08:00 GMT, the currency pair had reached below one of the March low levels at 1.2467. Next targets for the decline were the previous 2022 low level at 1.2450, the weekly S1 simple pivot point at

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