EUR/USD surges above 1.0750

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


On Monday morning, the EUR/USD currency pair reached above the 1.0750 mark. Moreover, a resistance zone was marked at 1.0747/1.0765. At mid-day, the currency exchange rate appeared to be finding support in the previous resistance zone.

If the Euro resumes its surge against the US Dollar, the rate is expected to encounter resistance in the 1.0800 level and the weekly R1 simple pivot point at 1.0813. Higher above, the 1.0900 level and the weekly R2 pivot point at 1.0894 are highly likely to act as resistance.

On the other hand, a decline of the currency exchange rate would need to pass the support zone at 1.0747/1.0765. Below the support zone, the 50 and 100-hour simple moving averages and the recent low level trend line could stop a potential move downwards near 1.0720/1.0740.
Back to articles

Actual Topics

Mon, 30 May 2022 12:01:46 GMT

GBP/USD is pushed up by moving average

Since mid-Thursday, the GBP/USD has been pushed up by the support of the 50-hour simple moving average. During the push upwards, the rate appears to have encountered resistance near 1.2650/1.2660. In the near term future, the GBP/USD could be pushed through the resistance of the 1.2660 mark by the 50-hour simple moving average. A move higher is expected to encounter

Mon, 30 May 2022 10:20:52 GMT

USD/CAD declines in narrow pattern

Since May 26, the USD/CAD currency pair has been declining in a narrow channel down pattern, which has led the rate below the 1.2700 mark. During the middle of Monday's trading hours, the pair was heading to the weekly S1 simple pivot point at 1.2663. A move below the weekly S1 simple pivot point and look for support in the 1.2640

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.