EUR/USD faces November highs

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


The EUR/USD currency exchange rate has approached the November high level zone at 1.0950/1.0965.

A breaking of the resistance zone could result in the pair testing the resistance of the weekly R1 simple pivot point at 1.0982. Higher above, take into account that the 1.1000 mark could provide resistance, before the weekly R2 at 1.1030 would be reached.

However, a potential decline of the Euro against the US Dollar might look for support in the weekly simple pivot point at 1.0917 and the 50 and 100-hour simple moving averages. Further below, note the combination of the 200-hour simple moving average and the 1.0900 mark. Below these levels, the weekly S1 might slow a decline at 1.0869, prior to the pair reaching the support range at 1.0825/1.0830.
Back to articles

Actual Topics

Mon, 27 Nov 2023 10:05:27 GMT

GBP/USD reaches above 1.2600

The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. The rate could confirm the 1.2600 level as support and start a surge. A potential surge is expected to encounter resistance in the weekly R1 simple pivot point at 1.2663, before the

Fri, 24 Nov 2023 13:10:16 GMT

Gold continues to respect 100-hour SMA

Since mid-Tuesday, the price for gold has been kept up by the 100-hour simple moving average. Moreover, support was found in the 1,990.00 mark. As the price fluctuated sideways, it is set to reach the lower trend line of the channel up pattern. The price needs to pass this week's high levels near 2,005.00 to move higher. A surge 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.