EUR/USD remains below 1.1000

Source: Dukascopy Bank SA


During the volatility caused by the US Consumer Price Index, the EUR/USD encountered resistance in the 1.1000 mark, which kept the rate down. On Friday, prior to the PPI publication, the rate had returned to trade near 1.0950.

An extension of the decline of the Euro against the USD could look for support in Thursday's low at 1.0930, before approaching the 1.0910/1.0920 range and the 1.0900 mark.

On the other hand, a recovery could be slowed down near 1.0980/1.0985 by the Monday's high and the weekly simple pivot point, prior to the rate once again testing the 1.1000 mark.
Back to articles

Actual Topics

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.