EUR/USD trades below 1.1150

Source: Dukascopy Bank SA
On Tuesday morning, the EUR/USD was finding support in the 55 and 100-hour simple moving averages near 1.1135. Meanwhile, the rate was facing the resistance of the weekly pivot point at 1.1153. 

In general, the pair was expected to break the technical resistance of the weekly pivot point. In the aftermath of such event the rate would surge up to the 200-hour simple moving average, which on Tuesday was located at the 1.1175 level.  

On the other hand, the weekly PP at 1.1153 could hold its ground forcing the pair to trade sideways.
Back to articles

Actual Topics

Tue, 30 Jul 2019 10:03:29 GMT

GBP/USD has no technical support

On Tuesday morning, the decline of the GBP/USD had reached below the last weekly pivot point. Namely, the rate had no technical support as low as the historical low level of 2017 at 1.1978.

Tue, 30 Jul 2019 09:38:25 GMT

NZD/USD likely to maintain channel

The New Zealand Dollar maintained the descending channel pattern against the US Dollar on Monday. The 50– hour simple moving average provided resistance for the currency pair at 0.6633 during Tuesday's session.

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.