EUR/USD breaks dominant resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
During the late part of Friday's trading session the EUR/USD managed to break the resistance of the dominant descending channel pattern at the 1.1400 level. The event increased volatility, which lasted into the second half of Monday's trading. 

The surge ended after meeting the weekly R1 at 1.1430. Due to that reason a decline began, which is expected to decline below the 1.1400 mark. The reason for that is the fact that the pair has no technical support as low as the 1.1380 level.

On the other hand, the volatility is set to remain high and direction unclear until the UK parliament votes on the Brexit deal.
Back to articles

Actual Topics

Mon, 10 Dec 2018 10:01:21 GMT

GBP/USD declines prior to Brexit vote

The volatility of the GBP/USD has once more increased, as the UK Parliament is set to vote on the Brexit deal that Theresa May has agreed upon with the European Union.Meanwhile, from a technical analysis perspective the currency exchange rate is expected to decline, as it has no technical support as low as the 1.2680 mark. At that level the

Fri, 07 Dec 2018 10:21:24 GMT

NZD/USD awaits US data releases

The New Zealand Dollar versus the US Dollar was trading within a narrow range during Thursday's session. The currency pair was moving between the 50-hour simple moving average at 0.6900 and the 200-hour SMA at 0.6860 during the previous session.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.