EUR/USD remains in previous range

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


The EUR/USD has been trading between a support zone that surrounds the 1.1450 mark and a resistance zone at 1.1480, since the middle of Thursday's European trading. However, on Friday, the pair was approached by the additional support of the 50-hour simple moving average, which could push the rate up.

In the case of the 50-hour simple moving average pushing the rate up, the EUR/USD would test the resistance of the 1.1480 zone. Above the 1.1480 level, the 1.1500 might act as resistance. Higher above, note the weekly R3 simple pivot point at 1.1512.

On the other hand, a decline would have to pass the 1.1450 mark, the weekly R2 simple pivot point and the 50-hour SMA, before aiming at the weekly R1 simple pivot point at 1.1405. In addition, note that the weekly R1 could be soon supported by the 100-hour simple moving average.
Back to articles

Actual Topics

Fri, 14 Jan 2022 12:00:00 GMT

GBP/USD trades sideways

The GBP/USD currency exchange rate has been trading between the 1.3700 and 1.3750 levels since the US CPI surge. Most recently, on Friday the rate was approached by the 50-hour simple moving average. Meanwhile, the pair almost in all cases ignored the support of the weekly R2 simple pivot point at 1.3709. If the currency exchange rate starts a surge, it

Fri, 14 Jan 2022 09:23:01 GMT

USD/CAD consolidates in pattern's borders

The USD/CAD bounced off the lower trend line of the channel down pattern at mid-day on Thursday. By the middle of Friday's trading, the currency pair had made an attempt to pass resistance levels near 1.2515/1.2520 and failed at it. In regards to the near term future, if the rate declines, it could look for support in the 1.2450

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.