EUR/USD reaches parity

Source: Dukascopy Bank SA


On Monday morning, the EUR/USD currency pair reaches parity and even fluctuated below the 1.0000 mark. By the middle of the day's trading, the rate had returned and fluctuated above 1.0000.

If the pair declines below the 1.0000 mark, a follow up decline could look for support in the combination of the 0.9950 level and the weekly S1 simple pivot point at 0.9954. Further below, note the 0.9900 mark and the weekly S2 simple pivot point at 0.9875.

On the other hand, a recovery of the Euro against the US Dollar might find resistance in the 50-hour simple moving average and the 1.0050 level. Above these levels, take into account the levels marked around 1.0100 and the weekly simple pivot point at 1.0111.
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Mon, 22 Aug 2022 13:40:48 GMT

GBP/USD trades near 1.1800

The Pound has declined in value, compared to the US Dollar, as the rate has extended its last week's decline. On Monday, the pair shortly reached below the 1.1800 level. A continuation of the currency exchange rate might look for support in the July low level at 1.1760. Further below, technical support could be found in the weekly S1 simple pivot

Wed, 17 Aug 2022 12:54:22 GMT

Gold reaches 1,765.00 level

At mid-day on Wednesday, the price for Gold reached the 1,765.00 level, which was marked on the chart due to acting as support on August 5. If the commodity price reaches below the 1,765.00 mark, support might be found in the 1,745.00/1,755.00 zone, which captures the August low levels near 1,755.00 and the early July high levels in the 1,745.00/1.750.00

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