EUR/USD reveals new ranges

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


In the aftermath of the ECB events, the EUR/USD has revealed a support and resistance range. Support is located at 1.0810/1.0815. Resistance is at 1.0870/1.0875.

On Monday, the rate bounced off the resistance range that was strengthened by the 100-hour simple moving average and the weekly simple pivot point at 1.0871. However, by midday it appeared that support was found in the 1.0850 level and the 50-hour simple moving average.

In the near term future, a move below the 50-hour SMA might aim at the 1.0810/1.0815 support range. Below the range, support is expected to be found in the weekly S1 simple pivot point at 1.0806 and the 1.0800 mark.

On the other hand, a recovery of the Euro against the US Dollar is set to result in a test of the 100-hour SMA, the weekly simple pivot point and the 1.0810/1.0815 range. Higher above, note the descending 200-hour simple moving average and the 1.0900 mark.
Back to articles

Actual Topics

Mon, 21 Oct 2024 12:01:16 GMT

GBP/USD remains near 1.3000

After the high impact week that was caused by UK data releases, the pair has returned to trade near the 1.3000 mark. In the near term future, the pair could look for support in the round level. A move below the 1.3000 mark could result in the rate declining to the weekly S1 simple pivot point at 1.2979 and the last

Wed, 16 Oct 2024 14:39:57 GMT

Gold tests all-time-high level

The price for gold has managed to find support in 2,640.00 and the 200-hour simple moving average. The follow-up surge broke the 2,670.00 level, and it resulted in another test of the all-time high levels at 2,685.40. In the meantime, the range that surrounds the 2,670.00 mark has turned into support. A breaking of the all-time-high level is expected to

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.