EUR/USD respects weekly pivot point

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


On Tuesday, the EUR/USD confirmed that it can find support in the combination of the weekly simple pivot point and the 100-hour simple moving average at 1.0665.

A broader move below 1.0665 could result in the rate looking for support in the 200-hour simple moving average near 1.0635. Further below take into account the notable 1.0600 mark and the range that surrounds it.

On the other hand, a recovery of the Euro against the US Dollar is bound to face potential resistance in the 100-hour simple moving average near 1.0685, the 1.0700 mark and the 50-hour simple moving average near it. Higher, the 1.0745/1.0755 range is set to act as resistance.
Back to articles

Actual Topics

Wed, 08 Nov 2023 10:48:07 GMT

GBP/USD declines after reaching new highs

The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. In the near term future, the pair was expected to approach the 1.2200 mark. However, before the round level is reached, the 200-hour simple moving average is set to provide some support. Further below, take

Thu, 02 Nov 2023 11:09:50 GMT

Gold finds support in 1,970.00

Gold failed to properly reach above 2,000.00 and started a decline that eventually found support in the 1,970.00 mark. On Thursday, it was spotted that the commodity price was respecting the resistance of the 1,990.30/1,997.15 zone. If the price manages to break above 1,990.30/1,997.15, the 2,000.00 and 2,010.00 levels are expected to once again act as resistance. Higher above,

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.