EUR/USD passes below 1.1100

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Source: Dukascopy Bank SA


The EUR/USD bounced off the 1.1240/1.1275 range and started a decline. By July 24, the rate had reached below the 1.1100 mark.

A continuation of the ongoing decline could look for support in the weekly S1 simple pivot point at 1.1063, the 1.1050 level and the combination of the 1.1000 mark and the weekly S2 simple pivot point. Further below, note the 1.0930/1.0950 range.

However, a potential recovery of the Euro against the US Dollar could face resistance in the 50, 100 and 200-hour simple moving averages in the range from 1.1130 up to 1.1180. In addition, the weekly simple pivot point might act as resistance at 1.1169.
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Mon, 24 Jul 2023 10:39:33 GMT

GBP/USD passes support zone

The GBP/USD has passed below the support and resistance zone near 1.2850. The range could soon be confirmed as resistance and a decline of the Pound against the US Dollar might continue. A continuation of the decline might find support in the 1.2800 and 1.2750 levels. Further below, note the weekly S1 simple pivot point at 1.2736 and the two

Fri, 07 Jul 2023 09:39:54 GMT

Gold pattern is spotted

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