EUR/USD pierces resistance

Source: Dukascopy Bank SA


The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone.

An extension of the upwards move might be slowed down by the 1.1000 mark, before the high levels near 1.1070 are reached.

On the other hand, a decline of the Euro against the US Dollar could look for support in the 1.0940 and 1.0920 level, prior to reaching the 1.0910 level's support and the 1.0900 mark.
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Thu, 20 Apr 2023 14:39:54 GMT

GBP/USD remains near 1.2450

The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405. A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple pivot point at 1.2523. Higher above, note the April high level at 1.2546. However, a decline would have to pass

Wed, 19 Apr 2023 10:09:52 GMT

Gold drops to 1,975.00

The price for gold has bounced off the 2,000.00/2,010.00 range and declined. By the middle of Wednesday's trading, the commodity price has reached the 1,975.00 level. A continuation of the ongoing decline might look for support in the February and January high levels at 1,960.00 and 1,949.00. Meanwhile, any potential recovery is set to face resistance in the 2,000.00/2,010.00 range and

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