EUR/USD remains below 1.0800

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


The EUR/USD started the week by bouncing of the resistance of the 1.0790 level. By mid-Monday, the pair had declined to the combined support of the 100 and 200-hour SMAs, weekly simple pivot point and the 1.0750 level.

A move below the 1.0750 level could result in the pair looking for support in the 1.0720/1.0740 range. Further below, note the weekly S1 simple pivot point at 1.0711 and the 1.0700 mark. Both of these levels could stop the rate during this week.

In the meantime, a recovery of Euro against the US Dollar is set to test the 1.0790 level and the resistance range near 1.0800. Higher above, note the weekly R1 simple pivot point at 1.0822 and the weekly R2 simple pivot point at 1.0869.
Back to articles

Actual Topics

Mon, 19 Feb 2024 15:57:15 GMT

GBP/USD fluctuates around 1.2600

Thu, 15 Feb 2024 21:03:45 GMT

Gold trades near 2,000.00

The price for gold dipped due to the release of the US CPI. The metal traded as low as the 1,985.00 mark. However, a recovery started on Thursday. the price moved above 1,995.00 and the 2,000.00 mark, before appearing to have been stopped by the 100-hour simple moving average. A move above the 100-hour SMA could encounter resistance in the

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.