EUR/USD drops below technical supports

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Monday, the EUR/USD began the day's trading above the support of the various hourly simple moving averages. Although, it began to immediately decline.  

By the middle of the day's trading session the rate had fallen below the 1.1350 level and it was expected to continue its decline. Namely, the pair had no support as low as the weekly S1 at 1.1324.  

On the other hand, the rate has already made a too sharp move downwards. Due to that reason it might first consolidate the decline by trading sideways.
Back to articles

Actual Topics

Mon, 04 Mar 2019 10:22:16 GMT

EUR/JPY bearish sentiment today

The Eurozone single currency appreciated about 88 base points against the Japanese Yen on Friday. The exchange rate was guided by the 50-hour simple moving average during the previous trading session.

Fri, 01 Mar 2019 10:14:37 GMT

NZD/USD awaits US fundamental release

The New Zealand Dollar edged lower against the US Dollar on Thursday. The currency pair breached a support cluster formed by the combination of the monthly and weekly pivot points at 0.6834.

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.