EUR/USD declines below 1.0700

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


Throughout this week, US inflation was revealed to be higher than expected, despite rising inflation was already expected. This indicates that the FED has to hike rates, which is strengthening the USD. Meanwhile, the ECB is preparing to cut rates, as this week's ECB events have revealed that the worse off EU countries are pressuring the monetary policy committee to reduce pressure on debt.

Due to these reasons, the rate has already reached below 1.0700, compared to the near 1.0900 levels of April 9. During Friday's mid-trading hours, the rate had reached the weekly S2 simple pivot point at 1.0660.

A move below 1.0660 could look for support in the descending trend line that has provided support during the pair in March. However, the trend line could just slow down the rate until the pair reaches the 1.0600 mark and the weekly S3 simple pivot point at 1.0596.

On the other hand, a recovery of the Euro against the US Dollar could pause at the 1.0680 level, before testing the 1.0700 mark as resistance. Higher above, note the descending 50-hour simple moving average, the weekly S1 simple pivot point at 1.0748 and the 1.0750 level.
Back to articles

Actual Topics

Fri, 12 Apr 2024 10:46:40 GMT

GBP/USD is below 1.2500

Throughout this week, US inflation was revealed to be higher than expected, despite rising inflation was already expected. This indicates that the FED has to hike rates, which is strengthening the USD. Meanwhile, there was no help to the GBP from the UK GDP release on Friday morning. The published data revealed that GDP has increased by 0.1%, as

Mon, 08 Apr 2024 11:19:46 GMT

Gold extends gains to 2,350.00

The price for gold is experiencing a classic surge. It reaches a new round price level. The price level acts as resistance. Gold retraces back to the previous price that acted as resistance, finds support and surges to break the resistance. This repeats over and over and over during the ongoing surge. Meanwhile, from time to time the hourly

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.