EUR/USD reaches resistance zone

Source: Dukascopy Bank SA


The EUR/USD surge has encountered resistance in the high level zone at 1.0910/1.0930. As a result, by the middle of Friday's trading, the pair had retreated down below 1.0900.

A continuation of the decline might look for support in the 50, 100 and 200-hour simple moving averages at 1.0870, 1.0850 and 1.0825. Note that the moving averages could push the pair into another test of the 1.0910/1.0930 range. Below the SMAs, the 1.0800 mark and the weekly simple pivot point at 1.0772 could stop a decline.

On the other hand, a recovery and surge above 1.0910/1.0930 would face no technical resistance. However, the pair might stop at the 1.0950 and 1.1000 levels.
Back to articles

Actual Topics

Fri, 31 Mar 2023 13:51:03 GMT

GBP/USD faces 1.2400 level

The GBP/USD surge has been slowed down by the combination of the 1.2400 mark and the weekly R2 simple pivot point at 1.2423. On Friday morning, the pair found support in the 1.2360 level, which has acted as both support and resistance during this week. A surge of the pair above 1.2400 would have to pass the weekly R2 simple pivot

Wed, 29 Mar 2023 14:48:01 GMT

Gold respects 1,960.00 and 1,975.00

The price for gold has been ignoring the 50, 100 and 200-hour simple moving averages. Meanwhile, it has been respecting round price levels. Namely, the 1,960.00 and 1,975.00 levels have shown to be able to reverse the price's direction. A move above 1,975.00 could be slowed down by other round price levels. Eventually, a potential surge would once again test the

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.