EUR/USD reaches above 1.0900

Source: Dukascopy Bank SA


The bullish scenario has taken place on the EUR/USD charts, as the pair broke above 1.0850 and confirmed this level as support. By July 15, the rate had reached above 1.0900 level and was testing the resistance of the 1.0920 level.

A move higher could be slowed by the combination of the weekly R1 simple pivot point at 1.0945 and the 1.0950 level. Higher above, note the weekly R2 at 1.0984. This level might act as resistance, before the 1.1000 mark is reached.

On the other hand, a decline of the Euro against the Dollar is expected to find support in 1.0900 and the 50-hour simple moving average near 1.0890. If these levels fail, note the weekly simple pivot point at 1.0872 and the ascending 100-hour simple moving average.
Back to articles

Actual Topics

Mon, 15 Jul 2024 14:37:24 GMT

GBP/USD reaches 1.3000

The last week's breaking of the 1.2800/1.2820 range has been followed up by a surge to the 1.3000 mark. The 1.3000 is acting as resistance and keeping the GBP/USD down. The approaching 50-hour simple moving average might provide the needed support for the rate to move above 1.3000. Above the 1.3000, resistance might be encountered in the weekly R1

Mon, 08 Jul 2024 14:09:25 GMT

Gold almost reaches 2,400.00

US employment data further weakened the US Dollar. The price for gold reacted to the news by surging and almost reaching the 2,400.00 mark. However, the resistance worked and the rate was descending and consolidating while looking for support. On Monday, the support appeared to be found in the 2,370.00 level and the 50-hour simple moving average. A resumption of

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.