EUR/USD remains below 1.0800

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


Throughout the past week, the situation has not changed. The EUR/USD remains close by the 1.0800 mark. However, the rate did dip below the 1.0740/1.0750 range, before returning to previous levels. On Monday, the pair was being supported by the 50-hour simple average that was pushing the rate into the 1.0800 mark which was supported by the weekly R1 simple pivot point at 1.0799.

The Euro's surge against the US Dollar is bound to face the 1.0800 mark and the weekly simple pivot points that are spread out up until the 1.0900 mark. If the surge progresses, the 1.0900 mark would eventually also act as resistance. Meanwhile, note the early April high level range at 1.0875/1.0885, which stopped an attempted surge. In addition, the 1.0850 level has shown to be capable of acting as support and resistance.

Meanwhile, a decline is expected to look for support in the 50-hour simple moving averages and the combination of the weekly simple pivot point and the 100-hour simple moving average near 1.0060. A decline further below 1.0740 is set to look for support in the ascending 50, 100 and 200-hour simple moving averages, prior to the pair reaching the 1.0675/1.0700 range that has acted as support and resistance. Further below, note the 1.0650 level that provided support at the start of the month. Further below, the 1.0600 level and the low level zone just above it will impact the EUR/USD.
Back to articles

Actual Topics

Mon, 13 May 2024 11:13:32 GMT

GBP/USD is squeezed in

Last week, despite being pierced, the 1.2460/1.2470 range held as support and forced the pair to recover. On Monday, the recovery was stuck between the support of the three hourly simple moving averages and the weekly simple pivot point near 1.2520 and the resistance range at 1.2535/1.2550. A broader surge would most likely face resistance in the 1.2600 and

Fri, 03 May 2024 16:01:11 GMT

Gold is still below 2,300.00

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast

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.