EUR/USD respects weekly simple pivot point

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


The surge of the EUR/USD has passed the 1.1100 level. Resistance has been encountered in the weekly R2 simple pivot point at 1.1130.

If the pair declines, support is expected to be found in the 1.1100 mark and the 50-hour simple moving average. Further below, note the weekly R1 simple pivot point at 1.1076. This level has acted as resistance and support. A move further below is expected to look for support in the 1.1040/1.1050 range and the 100-hour simple moving average.

In the case of a resumption of the prior Euro surge against the US Dollar, the rate would have to break the weekly R2 simple pivot point at 1.1130. Higher above, note the resistance of the 1.1200 mark and the weekly R3 simple pivot point at 1.1213.
Back to articles

Actual Topics

Wed, 21 Aug 2024 12:15:14 GMT

GBP/USD breaks pattern, hits 2024 high

The surge of the GBP/USD has resumed and gained more than expected. The Pound has broken the channel up pattern to the upside. In addition, the rate has passed the 1.3000 mark and eventually reached the 2024 high level on Tuesday. Moreover, the 2024 high did not hold, as it was shortly passed. The rate stopped and appears to be

Mon, 19 Aug 2024 12:30:10 GMT

Gold manages to breach 2,500.00

The 2,500.00 mark was broken on Friday. However, the event has been followed by a decline of the commodity price. Moreover, the decline has reached below 2,500.00. An extension of the downwards move of the price is expected to look for support in the 2,477.00/2,484.00 range and the ascending 50 and 100-houe simple moving averages. A resumption of the surge is

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.