EUR/USD reaches 1.0050

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


Since finding support in the 0.9700 level on Friday, the EUR/USD has been recovering. Most recently, the rate encountered resistance in the 1.0050 level and support was provided by the 1.000 mark.

An extension of the ongoing surge could face resistance in the combination of the upper trend line of a channel up pattern, the weekly R3 simple pivot point at 1.0094 and the 1.0100 level. Higher above, note the 1.0150 and 1.0200 levels.

On the other hand, a move below 1.000 could look for support in the weekly R2 simple pivot point at 0.9985 and the 0.9950 level, before approaching the lower trend line of the channel, the 50-hour simple moving average and the weekly R1 at 0.9923.
Back to articles

Actual Topics

Wed, 26 Oct 2022 13:04:22 GMT

GBP/USD trades above 1.1600

The recovery of the Pound against the US Dollar continues on, as on Wednesday morning the rate reached above the 1.1600 mark. In the near term future, resistance to the surge might be provided by the weekly R2 simple pivot point at 1.1644. However, round levels mostly impact the pair. Note 1.1700, 1.1750 and 1.1800 levels. A potential decline is expected

Mon, 24 Oct 2022 08:28:12 GMT

Gold breaks pattern

At mid-day on Friday the price for gold suddenly surged and broke the channel down pattern to the upside. By the start of Monday's trading, the 1,670.00 level had been touched. The 1,670.00 acted as resistance and caused a decline. By mid-Monday, the price had almost reached the 50 and 100-hour simple moving averages near 1,640.00. A decline below 1,640.00

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.