EUR/USD tests resistance zone

Source: Dukascopy Bank SA


On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark.

A move below the 50-hour SMA might look for support in the 100-hour simple moving average near 1.0880, Further below note the combination of the 200-hour SMA and the 1.0850 level. Below these levels, the 1.0840 mark and the weekly simple pivot point could stop another decline.

On the other hand, a resumption of the Euro surge against the US Dollar is expected to once again test the resistance of the 1.0920/1.0925 range, prior to approaching the 1.0950 mark and the weekly R2 simple pivot point at 1.0957.
Back to articles

Actual Topics

Thu, 26 Jan 2023 10:59:14 GMT

GBP/USD recovers above 1.2400

The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. A decline of the currency pair could look for support in the 50 and 100-hour simple moving averages near 1.2450/1.2470. Further below, note the 200-hour SMA and the weekly simple pivot point at 1.2333. Further below, note

Wed, 25 Jan 2023 11:00:29 GMT

Gold passes below support

On Wednesday morning, the price for gold passed below the 50 and 100-hour simple moving averages, the lower trend line of a channel up pattern and the 1,930.00 mark. Essentially, the price had declined due to bouncing off a resistance zone at 1,939.30/1,942.30. An extension of the decline could look for support in the 1,920.00 level and the 200-hour simple moving

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.