EUR/USD approaches support range

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


For the past week, the EUR/USD has been trading between the support zone at 1.0665/1.0670 and resistance at 1.0745/1.0760. In addition, the hourly simple moving averages and the weekly simple pivot points have been acting as support and resistance.

On Wednesday, June 26, the pair was heading to the support of the 1.0665/1.0670 range. A move below this range could result in the pair looking for support in the combination of the 1.0650 level and the weekly S1 simple pivot point at 1.0655. Further below, note the weekly S2 at 1.0618 and the 1.0600 mark.

However, a potential recovery of the Euro against the Dollar could face the combination of the 1.0700 mark, the weekly simple pivot point at 1.0708 and the 50, 100 and 200-hour simple moving averages near 1.0720.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.