EUR/USD reveals resistance zone

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


Since the surge at mid-day on Tuesday, the EUR/USD appeared to be waiting for this week's fundamental events. Namely, the US FOMC Meeting Minutes were expected to cause a USD move, which would impact all of financial markets.

In the meantime, on Wednesday it was spotted that the pair had revealed a resistance zone at 1.0185/1.095. If the pair reaches above the zone, the 1.0200 mark might immediately act as resistance. Higher above, note the combination of the 100 and 200-hour simple moving averages near 1.0220.

On the other hand, a decline of the currency pair could once again find support in the 1.0123 level, prior to approaching the 1.0100 mark and the late July low level at 1.0097.
Back to articles

Actual Topics

Wed, 17 Aug 2022 12:09:09 GMT

GBP/USD recovery reaches above 1.2100

On Wednesday morning, the GBP/USD reached above the 1.2100 mark. However, after a failed attempt at reaching 1.2150, the currency pair began to trade around the 1.2100 level. In general, the pair reacted to the UK higher than forecast inflation data, which caused the sure. Namely, higher inflation means more monetary tightening and a smaller supply of the GBP, which results

Tue, 16 Aug 2022 13:33:15 GMT

Gold fails at recovering

Since the middle of Monday's trading up to mid-Tuesday, the price for gold made attempts at passing the combined resistance of the 1,785.00 mark, the 1,785.00/1,788.00 zone and the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, it appeared that the metal had failed, as it declined below 1,775.00. In general, future scenarios remain unchanged. A continuation

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.