EUR/USD remains near 1.0750

Source: Dukascopy Bank SA


The EUR/USD continues to wait for the US Consumer Price Inflation data, as the pair trades almost flat near 1.0750.

In the case of the 1.0750 mark holding, the currency pair might look for support in the 1.0700 level and the 50-hour simple moving average. Further below, take into account the combination of the 100 and 200-hour SMAs near 1.0630.

On the other hand, a move above 1.0750 could be slowed down by the 1.0800 mark and the weekly R2 simple pivot point at 1.0837.
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Wed, 11 Jan 2023 10:56:57 GMT

GBP/USD waits for data

The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data. A move below the support zone and the 1.2100 level might look for support in the combination of the 100 and 200-hour simple moving averages near 1.2050. Further below, note the 1.2000/1.2025 range and the weekly

Tue, 10 Jan 2023 15:24:43 GMT

Gold faces resistance in 1,880.00

Throughout this week, the price for gold has been fluctuating between the support of the 1,867.90/1,870.40 range and resistance at 1,879.30/1,881.60. In the meantime, the 50-hour simple moving average had caught up with the commodity. If the additional support of the 50-hour SMA manages to push the price through the resistance of 1,881.60, the price might finally test the 1,900.00 mark.

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