EUR/USD approaches resistance

Source: Dukascopy Bank SA


Since February 21, EUR/USD pair continues to find support in the range near 1.0800. Meanwhile, resistance is provided by the 1.0860/1.0890 range. On Monday, the pair approached the resistance range.

If the pair once again bounces off the 1.0860/1.0890 range, support could be found in the combination of the 50, 100 and 200-hour simple moving averages near the weekly simple pivot point at 1.0833. Below these levels, note the 1.0800 mark and the weekly S1 simple pivot point at that level.

On the other hand, a potential breaking of the 1.0860/1.0890 range and the weekly R1 simple pivot point is expected to approach the combined resistance of the weekly R2 simple pivot point at 1.0903 and the 1.0900 level.
Back to articles

Actual Topics

Mon, 04 Mar 2024 12:45:26 GMT

GBP/USD recovers

The situation has not changed. In general, the GBP/USD has been trading between the 1.2600 and 1.2700 levels. Meanwhile support and resistance from time to time is found in the 1.2620, 1.2640, 1.2660 and 1,2680 levels. In addition, note the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point near 1.2650. On Friday, the pair found

Fri, 01 Mar 2024 13:33:02 GMT

Gold resistance turn into support

The 2,035.00/2,040.00 range has been broken. Moreover, the prior resistance has turned into support. At the start of the month, the commodity price reached above 2,050.00, which also appeared to have acted as support. An extension of the ongoing surge could suddenly reveal a round price level as resistance. Meanwhile, note the upper trend line of the yet unconfirmed channel

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.