EUR/USD breaks out of range

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The EUR/USD has ended trading sideways in the range between the 1.1615/1.1625 and 1.1665/1.1670 zones. The rate ended the sideways trading by declining to the 1.1590 level.

The 1.1590 level provided the pair with support that caused a retracement back to the 1.1615/1.1625 zone, which together with two hourly simple moving averages acted as a resistance. In the near term future, the pair could trade sideways between the 1.1590 and 1.1625 levels.

In the case of a surge above the 1.1615/1.1625 zone, the rate would immediately face resistance at the 1.1630 level, where the weekly simple pivot point and the 100-hour simple moving averages are located at.

However, a decline would look for support in the recent low levels at 1.1590/1.1595 and the weekly S1 simple pivot point. A passing of these levels might pause at the 1.1550 level before aiming at the weekly S2 simple pivot point at 1.1532.
Back to articles

Actual Topics

Tue, 26 Oct 2021 14:44:41 GMT

GBP/USD surges as forecast

The GBP/USD fulfilled the first scenario described on Monday, as it broke the resistance of the 55 and 100-hour simple moving averages and jumped to the 1.3830 level and the weekly R1 simple pivot point at 1.3831. By the middle of Tuesday's trading hours, the pair had bounced off the 1.3830 mark and retreated to the 100-hour SMA at 1.3785. If

Tue, 26 Oct 2021 05:52:53 GMT

USD/CAD buyers could prevail

On Monday, the US Dollar rose by 52 pips or 0.42% against the Canadian Dollar. The currency pair breached the 200– hour simple moving average during Monday's trading session.

Subscribe to "Fundamental Analysis" feed

Souscrire
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.