EUR/GBP respects round levels

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


In early March, the EUR/GBP currency pair shortly reached below the 2019 and 2020 low levels near 0.8280. Afterwards, a surge up to the 0.8500 mark occurred. On April 11, the currency exchange rate was trading near the 0.8350 mark. Meanwhile, it was spotted that throughout April, the pair was respecting the support and resistance of round exchange rate levels like 0.8300, 0.8350 and 0.8400.

A potential surge of the Euro against the Pound might encounter resistance in the 0.8400 and 0.8450 levels, before approaching a trend line, which connects 2021 high levels. In addition, note that the 0.8400 and 0.8450 levels are expected to be strengthened by the 100 and 200-day simple moving averages.

Meanwhile, a decline of the rate might look for support at 0.8350 and 0.8300, before approaching the 2019 and 2020 low levels at 0.8280. Further below, note the 2022 low level near 0.8200.
Back to articles

Actual Topics

Mon, 11 Apr 2022 10:36:06 GMT

Diesel approaches support line

The price for a metric ton of diesel spiked in March, as it shortly reached above the 1,400.00 mark. Since then, the commodity has revealed that it respects the support of an ascending trend line, which connects the last two year low levels. In the meantime, resistance is being provided by a line, which connects March high levels. During the

Fri, 08 Apr 2022 10:10:11 GMT

CHF/JPY surge slows down near 133.00

Throughout March the value of the Japanese Yen has been plummeting on all charts. On the CHF/JPY rate it has taken the form of a 7.50% or 932 base point surge. At the start of April, the surge of the rate had slowed down, as it revealed a resistance zone. Meanwhile, late March low levels pinpoint the location of a

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.