EUR/USD retreats on Tuesday

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


The EUR/USD was heading to the support of the 1.0965 level on Tuesday morning.

A move below this level could look for support in the weekly S1 simple pivot point at 1.0942. In the case of the pair declining below the pivot point, note the 1.0900 mark.

However, a recovery of the Euro against the US Dollar might encounter resistance in the 1.1000 mark. Higher above, note the combination of the 50, 100 and 200-hour simple moving averages together with the weekly simple pivot point at 1.1015/1.1030. Above these levels, the 1.1050 mark is expected to act as resistance.
Back to articles

Actual Topics

Tue, 09 May 2023 11:04:51 GMT

GBP/USD remains below high levels

The GBP/USD has bounced off the 1.2650/1.2670 range. Note that this range marks a 2022 high level zone for the pair. By mid-Tuesday the pair had declined to the 1.2600 mark and the 100-hour simple moving average. A move below this level could look for support in the weekly simple pivot point at 1.2571 and the 200-hour simple moving average

Mon, 08 May 2023 15:24:44 GMT

Gold returns to 2,000.00

The price for gold jumped after the Fed rate hike and touched the 2,080.00 mark. However, the event was followed by a decline on Friday, as markets expected a possible additional banking sector bail out. On Monday, there was no bail out and gold resumed to surge. By mid-day, the price had almost reached back to 2,030.00. The ongoing surge

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.