EUR/USD reaches new low

Source: Dukascopy Bank SA


The 1.0900 mark held and caused a decline, which on Wednesday morning passed below the support of the 1.0845 level.

A continuation of the ongoing decline of the Euro against the US Dollar might look for support in the 1.0800 mark and the weekly S1 simple pivot point at 1.0779. Further below, note the weekly S2 simple pivot point at 1.0710 and the 1.0700 level.

Meanwhile, a recovery could face resistance in the 1.0845 level, the 50 and 100-hour simple moving averages near 1.0870 and the resistance zone at 1.0900. Higher above, note the weekly simple pivot point at 10.916 and the descending 200-hour SMA.
Back to articles

Actual Topics

Wed, 17 May 2023 12:35:06 GMT

GBP/USD books new May low

The GBP/USD has passed below the 1.2445 level and booked a new May low level at 1.2420. In the case of the Pound continuing to lose value against the US Dollar, the rate could look for support in the 1.2400 mark and the weekly S1 simple pivot point at 1.2365. Below these levels, note the 1.2350 and 1.2300 levels. However, a recovery

Tue, 16 May 2023 11:36:12 GMT

Gold respects resistance at 2,020.00

The price for gold has bounced off the combined resistance of the 2,020.00 level and the 100-hour simple moving average. By mid-Tuesday, the commodity had returned to trade in the 2,000.00/2,010.00 range. In general, previous forecast scenarios remain relevant. A potential decline below 2,000.00 could look for support in round price levels until the price reaches the April low level zone

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.