EUR/USD retreats to moving averages

Source: Dukascopy Bank SA


The EUR/USD currency pair has declined down to the combined support of the 50, 100 and 200-hour simple moving averages at 1.0930.

A resumption of the previous surge is expected to face resistance in the 1.0980 level, the weekly R1 at 1.0987 and the 1.1000 mark. Note that despite being pierced the 1.1000 mark caused the most recent decline of the Euro against the US Dollar.

On the other hand, a decline could look for support in the 50, 100 and 200-hour simple moving average and the weekly simple pivot point in the 1.0910/1.0930 range. Below these levels, note the support of the 1.0900 mark.
Back to articles

Actual Topics

Wed, 28 Jun 2023 08:34:43 GMT

GBP/USD bounces off 200-hour SMA

The 200-hour simple moving average provided enough resistance for the rate to start a decline. On Wednesday, the rate traded below the 50 and 100-hour simple moving averages near the 1.2720 level. An extension of the ongoing retracement downwards could result in the GBP looking for support against the US Dollar in the 1.2685/1.2700 range. Further below, note the weekly S1

Tue, 27 Jun 2023 15:04:13 GMT

Gold retreats below 1,920.00

The price for gold continued to make attempts to pass the resistance of the 1,930.00 mark and the 1,932.25 level. However, it failed at mid-Tuesday. The price of gold dropped, as the USD strengthened and reached even below 1,915.00 In general, a bounce off from the most recent low level could result in the pair once again testing the 1,930.00 and

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.