EUR/USD retreats below support levels

Source: Dukascopy Bank SA


The EUR/USD has passed below the support zone at 1.0965 and the weekly S1 simple pivot point at 1.0953. However, it was observed that despite being pierced the pivot point had held.

A recovery of the Euro against the US Dollar might face resistance in the 1.1000 mark and the 50 and 200-hour simple moving averages. Higher above, note the 100-hour SMA and the weekly simple pivot point.

On the other hand, a decline of EUR/USD could look for support in 1.0900 and weekly S2 at 1.0891.
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Tue, 02 May 2023 12:31:31 GMT

GBP/USD returns back below 1.2500

The GBP/USD has passed below the support levels near 1.2500. By mid-Tuesday, the rate had touched the 1.2460 level. An extension of the ongoing decline might find support in the weekly S1 simple pivot point at 1.2437. Further below, note the support zones at 1.2387/1.2390 and 1.2345/1.2350. On the other hand, a recovery of the pair is set to face the

Mon, 01 May 2023 12:16:38 GMT

Gold respects round levels

In general, the price for gold remains in previous range. However, take into account that round price levels appear to be providing short term impact on the commodity price. Meanwhile, broader support and resistance zones remain unchanged. A recovery of the metal's value might encounter resistance in the 2,000.00 mark and the 2,000.00/2,010.00 range. Higher above, note that round price levels

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