EUR/USD surge passes above 1.1050

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


The EUR/USD currency pair has reached a new high level, as the 1.1008/1.1017 has provided support and caused a move above 1.1050.

An extension of the ongoing surge might be slowed down by the 1.1100 mark, before the pair approaches the weekly R2 simple pivot point at 1.1149 and the 1.1150 level.

On the other hand, a decline of the Euro against the US Dollar is set to look for support in the 1.1038/1.1045 zone. Below this range, note the 50-hour simple moving average, the weekly R1 simple pivot point at 1.1020.
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Wed, 27 Dec 2023 11:07:02 GMT

GBP/USD respects moving averages

It has been spotted that since late Friday's trading, the GBP/USD currency pair has been finding support in the 50 and 100-hour simple moving averages. Meanwhile, on Wednesday the 200-hour SMA caught up to the pair from below. In the case of the moving averages pushing the rate up, it could encounter resistance in the 1.2780/1.2795 range, the 1.2800 mark

Thu, 21 Dec 2023 14:42:15 GMT

Gold tests high level range

The price of gold remains below resistance at 2.045.10/2,047.75 and above support at 2,027.20/2,030.00. In general, the situation and forecasts are unchanged. A move above 2,047.75 is expected to immediately face resistance in the 2,050.00 mark. Higher above, note the marked levels that impacted the commodity during its recent surge to all-time-high levels. However, a potential decline would look for support

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