EUR/USD trades below 1.0900

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


Throughout the past week, the financial markets have been reacting to United States fundamental data releases. In general, Consumer and Producer price indices and Retail Sales data have revealed that prices are going higher and the consumers don't care and just keep buying. Namely, the US Federal Reserve is not likely to cut interest rates, as the markets suddenly assumed at the end of last year. This in turn has strengthened the US Dollar, as Dollar interest is set to remain high.

The EUR/USD has declined and firmly trades below 1.0900. Most recently, the 1.0900 mark and the weekly S1 simple pivot point at 1.0906 were confirmed as resistance.

The ongoing decline could find support in the Wednesday's low level at 1.0845, before the pair approaches the 1.0820/1.0830 range and the weekly S3 simple pivot point at 1.0816. Further below, note that the 1.0800 mark is expected to act as support.

On the other hand, a recovery of the Euro against the US Dollar is set to face the weekly S2 at 1.0863. Higher above, the 50-hour simple moving average and the 1.0875/1.0890 range are expected to act as resistance. Afterwards, the 1.0900 mark and 1.0906 level could be tested.
Back to articles

Actual Topics

Thu, 18 Jan 2024 14:24:23 GMT

GBP/USD remains above 1.2590/1.2610

Throughout the past week, the financial markets have been reacting to United States fundamental data releases. In general, Consumer and Producer price indices and Retail Sales data have revealed that prices are going higher and the consumers don't care and just keep buying. Namely, the US Federal Reserve is not likely to cut interest rates, as the markets suddenly

Fri, 12 Jan 2024 12:10:58 GMT

Gold is back above 2,050.00

The US CPI publication bounced the price for gold in the previously described range of 2,025.00/2,040.00. However, after the event, the price declined as low as the 2,015.00 mark, before support was found. The follow up recovery on Friday managed to reach above the 2,050.00 mark. The ongoing surge could encounter resistance in the 2,060.00 level, prior to the commodity

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.