EUR/USD continues higher

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


The EUR/USD managed to breach the 1.0800 mark and was consolidating, as the US CPI data was published. Due to the data being below forecast, the Dollar plummeted. It resulted in the EUR/USD heading higher.

Resistance could be encountered in the weekly R3 simple pivot point at 1.0866 and the April high level resistance zone that surrounds the 1.0880 level. Higher above, the 1.0900 mark is bound to slow down the rate, before the 1.1000 is reached. However, note that the 1.0940, 1.0960 and 1.0980 levels acted as resistance in March.

On the other hand, if the rate declines, look at prior resistance levels to turn into support. Note the weekly R2 at 1.0828 and the 1.0820 level. Below these levels, it appears that the 50, 100 and 200-hour simple moving averages could act as support. Further below, the 1.0800 mark and the weekly R1 are highly likely going to come into play.
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Actual Topics

Wed, 15 May 2024 13:21:25 GMT

GBP/USD books new high

The surge of the GBP/USD has continued due to the prior momentum. On Wednesday, the lower than expected US CPI boosted the move. In the near term future, the pair could approach the 1.2700 mark. A move above 1.2700 is expected to be slowed down by the combination of the weekly R3 simple pivot point at 1.2745 and the 1.2750

Mon, 13 May 2024 11:44:14 GMT

Gold respects marked ranges

The price for gold managed to break off the 2,300.00 and show that it is heading higher. However, the surge eventually stopped at the 2,380.00 level. On Monday, the rate passed below the 2,360.00 level and the impact range near it. By mid-day, the price was finding support in the 2,333.75/2,340.00 range. A resumption of the metal's surge is set

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