EUR/USD once again reaches above 1.0900

Source: Dukascopy Bank SA


The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906.

By 12:00 GMT, it was observed that the resistance had held and the rate had declined to look for support near the previous resistance zone at 1.0865/1.0875.

A move below 1.0865 could look for support in the 1.0860 level and the 100-hour simple moving average. Further below, note the weekly simple pivot point at 1.0836 and the 200-hour simple moving average.

On the other hand, another attempt at moving higher would face the 1.0900 mark, the weekly R1 simple pivot point at 1.0906 and the 1.0920/1.0925 zone. Above these levels, note the 1.0950 level and the weekly R2 simple pivot point at 1.0957.
Back to articles

Actual Topics

Wed, 25 Jan 2023 09:45:05 GMT

GBP/USD reveals support

The Tuesday's decline of the Pound against the US Dollar has found support in the 1.2260/1.2265 range. Afterwards, the pair recovered and reached up to consolidate by trading sideways near the 1.2330 level. On Wednesday morning, the pair was being squeezed in between the weekly simple pivot point's resistance at 1.2333 and the support of the 200-hour simple moving average

Tue, 24 Jan 2023 14:07:17 GMT

Gold reaches new high

After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level. In the case of a move above 1,950.00, look out for other round price levels to reveal resistance zones. On the other hand, a decline of the commodity price might find support

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.